TRAVELERS COMPANIES, INC. | 2013 | FY | 3

 

 

 
   Restricted and Deferred Stock
Units		   Performance Shares  
Other Equity Instruments
  Number   Weighted Average
Grant-Date
Fair Value		   Number   Weighted Average
Grant-Date
Fair Value		  

Outstanding, beginning of year

     2,196,382   $ 56.17     1,438,221   $ 58.22  

Granted

     763,358     79.00     604,057     77.29  

Vested

     (962,737 )(1)   56.92     (811,184 )(2)   57.91  

Forfeited

     (67,103 )   67.30     (37,793 )   65.60  

Performance-based adjustment

     —     —     211,053 (3)   66.16  
                       

Outstanding, end of year

     1,929,900   $ 64.43     1,404,354   $ 68.29  
                       
(1)
Represents awards for which the requisite service has been rendered.

(2)
Reflects the number of performance shares attributable to the performance goals attained over the completed performance period (three years) and for which service conditions have been met.

(3)
Represents the current year change in estimated performance shares to reflect the attainment of performance goals for the awards that were granted in each of the years 2010 through 2013.

        

us-gaap:ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock