v3.22.2.2
Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Components of Equity-Based Compensation The following table sets forth the components of our stock-based compensation and expected tax benefit for the three and nine months ended September 30, 2022 and 2021 related to the plans in effect during the respective period:
Three months ended September 30, Nine months ended September 30,
Stock-based compensation expense:2022202120222021
Restricted stock and restricted stock units (1)
$14.6 $5.3 $36.6 $12.9 
Stock options3.3 1.0 4.9 2.1 
Incentive units (2)
— 2.7 2.4 8.7 
Total compensation expense$17.9 $9.0 $43.9 $23.7 
Expected tax benefit:
Restricted stock and restricted stock units$1.6 $(0.9)$4.7 $2.2 
Stock options0.3 0.1 0.4 (0.2)
Total expected tax benefit$1.9 $(0.8)$5.1 $2.0 
(1)Higher expense for restricted stock and restricted stock units was primarily due to the addition of our 2022 grants and the expense recognition associated with accelerated shares.
(2)Expense for incentive units was less than $0.1 million for the three months ended September 30, 2022.
Schedule of Stock Options, Restricted Stock and Restricted Stock Units Granted and Unrecognized Compensation Cost
The following table summarizes the restricted stock, restricted stock units and stock options granted in 2022:
DateNumber of shares grantedWeighted average grant date fair value per shareVesting period (in years)Vesting criteria
Restricted Stock & RSU's: (1)
March 10, 202296,509 $16.581.0Service
March 10, 2022 (2)
3,254,916 $16.583.0Service & Performance
March 31, 202289,334 $17.523.0Service
June 30, 2022143,052 $15.033.0Service
August 5, 2022 (2)
1,998,118 $15.893.0Service & Performance
September 30, 2022176,361 $12.393.0Service
Stock Options:
August 5, 2022 (3)
4,914,868 $5.423.0Service & Market
(1)Employee awards generally vest ratably over three years and director awards vest 100% after one year.
(2)These awards are also subject to a one-year performance target. Vesting of these awards is dependent on the satisfaction of the one-year performance target.
(3)Awards vest ratably over three years and become exercisable when D&B's share price exceeds and remains above a target price for a period of time as defined in the grant agreements. These are market condition options. See below for further discussion.
The following table sets forth the unrecognized equity-based compensation cost as of September 30, 2022:

Equity-based compensation:Unrecognized compensationWeighted-average amortization period (in years)
Restricted stock & Restricted stock units$90.2 2.3
Stock options26.8 2.6
Incentive units (1)
— 0.1
Total unrecognized compensation expense$117.0 2.5
(1)Less than $0.1 million of unrecognized compensation as of September 30, 2022.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions As these awards contain a market condition, the fair value on the date of grant was calculated using a Monte Carlo simulation model with the following weighted average assumptions:
Weighted average assumptions 
Weighted average expected stock price volatility33.46 %
Weighted average expected dividend yield1.29 %
Weighted average expected life of option (in years)4.5
Weighted average risk-free interest rate2.77 %
Weighted average grant date fair value$5.42
Weighted average exercise price$15.89
Schedule of Stock Options, Restricted Stock and Restricted Stock Units Activity
The following tables summarize the restricted stock, restricted stock units, stock options and incentive units activity in 2022:

Restricted stock and Restricted stock units
Number of
shares		Weighted-average
grant date
fair value		Weighted-average remaining contractual term (in years)Aggregate intrinsic value
Balances, January 1, 20222,757,839 $21.611.2$56.5
Granted 5,581,929 $16.34
Forfeited(554,590)$18.62
Vested(943,690)$21.77
Balances, September 30, 20226,841,488 $17.511.4$84.8
Stock options
Number of
options		Weighted-average
exercise price		Weighted-average remaining contractual term (in years)Aggregate intrinsic value
Balances, January 1, 20226,380,000 $22.005.5$—
Granted4,914,868 $15.89
Forfeited(200,000)$22.00
Vested— $—
Balances, September 30, 202211,094,868 $19.297.0$—
Incentive units (1)
Number of
incentive units		Weighted-average
grant date
fair value		Weighted-average remaining contractual term (in years)Aggregate intrinsic value
Balances, January 1, 20223,826,569 $2.950.2$78.4
Distributed(3,786,486)$2.96
Forfeited(13,703)$2.59
Balances, September 30, 202226,380 $2.590.1$0.3
(1)Incentive units were granted prior to the IPO under the Incentive Units Program