Rollins, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

STOCK-BASED COMPENSATION

Components of the Company's stock-based compensation

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense ($ in thousands):




(in thousands)		2022			2021			2020
Restricted shares:
Pre-tax compensation expense		$	20,816		$	14,865		$	20,850
Tax benefit			(4,660)			(3,208)			(3,752)
Restricted share expense, net of tax		$	16,156		$	11,657		$	17,098

Summary information on unvested restricted stock outstanding


				Weighted
				Average
		Number of		Grant-Date
(number of shares in thousands)		Shares		Fair Value
Unvested as of December 31, 2019		3,465		$	17.23
Forfeited		(59)			17.11
Vested		(1,397)			15.29
Granted		861			24.53
Unvested as of December 31, 2020		2,870		$	20.36
Forfeited		(191)			25.34
Vested		(861)			16.67
Granted		778			37.04
Unvested as of December 31, 2021		2,596		$	26.16
Forfeited		(90)			26.37
Vested		(675)			19.99
Granted		854			30.12
Unvested as of December 31, 2022		2,685		$	28.97