Quarterly report pursuant to Section 13 or 15(d)

Share-Based Payments (Tables)

v3.21.2
Share-Based Payments (Tables)
9 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Restricted Stock Activity The transactions for restricted shares and restricted share units for the nine months ended June 30, 2021 were as follows:
Shares /Units Weighted-
average
Grant-date
Fair Value
Non-vested at September 30, 2020 750,322  $ 40.88 
Granted 499,050  30.06 
Vested (109,365) 55.40 
Expired or forfeited (38,467) 55.79 
Non-vested at June 30, 2021 1,101,540  $ 34.01 
Schedule of Assumptions Used in Estimating Fair Value The following table indicates the assumptions used in estimating the fair value of certain stock-based awards granted during the nine-month period ended June 30, 2021.
Restricted
Share Units
Stock
Options
Expected volatility 42.9  % 41.9  %
Dividend yield 3.2  % 3.1  %
Average risk-free interest rate 0.2  % 0.5  %
Average expected term (years) 3.0 5.0