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, 2021

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)		2021			2020			2019
Time lapse restricted stock:
Pre-tax compensation expense		$	14,865		$	20,850		$	14,158
Tax benefit			(3,208)			(3,752)			(3,596)
Restricted stock expense, net of tax		$	11,657		$	17,098		$	10,562

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, 2018		4,086		$	13.69
Forfeited		(147)			16.40
Vested		(1,201)			11.59
Granted		727			25.60
Unvested as of December 31, 2019		3,465			17.23
Forfeited		(59)			17.11
Vested		(1,397)			15.29
Granted		861			24.53
Unvested Restricted Stock at December 31, 2020		2,870		$	20.36
Forfeited		(191)			25.34
Vested		(861)			16.67
Granted		778			37.04
Unvested Restricted Stock at December 31, 2021		2,596		$	26.16