Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Weighted-Average Assupmtions and Fair Values Used of Performance Units Granted The weighted-average assumptions used and the weighted-average fair values of the LTIP awards granted in 2022 and 2021 are as follows:
2022 2021
Risk-free interest rate 2.29  % 0.19  %
Expected volatility 31.90  % 30.70  %
Weighted-average fair value of RPUs granted $ 230.67  $ 168.05 
Share payout 107.50  % 102.39  %
Fair Value of Employee Stock Options Granted and Determined by Black-Scholes Valuation Model Assumptions The fair value of each option grant is estimated using the Black-Scholes option pricing model. The weighted-average assumptions used and the weighted-average fair values of options granted in 2022 and 2021 are as follows:
2022 2021
Expected dividend yield 2.35  % 3.31  %
Risk-free interest rate 2.39  % 0.84  %
Expected life (in years) 7.5 7.5
Expected volatility 25.04  % 23.15  %
Weighted-average fair value of options granted $ 48.45  $ 23.71