Table of Contents Notes to Consolidated Financial Statements — (Continued) Becton, Dickinson and Company A summary of restricted stock units outstanding as of September 30, 2019 and changes during the year then ended is as follows: (b) Net of expected forfeited units and units in excess of the expected performance payout of 65 thousand and 585 thousand shares, respectively. The weighted average grant date fair value of restricted stock units granted during the years 2019, 2018 and 2017 are as follows: The total fair value of stock units vested during 2019, 2018 and 2017 was as follows: At September 30, 2019, the weighted average remaining vesting term of performance-based and time vested restricted stock units is 1.22 and 0.90 years, respectively. The amount of unrecognized compensation expense for all non-vested share-based awards as of September 30, 2019, is approximately $266 million, which is expected to be recognized over a weighted-average remaining life of approximately 1.91 years. At September 30, 2019, 5.6 million shares were authorized for future grants under the 2004 Plan. The Company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury. At September 30, 2019, the Company has sufficient shares held in treasury to satisfy these payments. As of September 30, 2019, 105 thousand shares were held in trust relative to a Director's Deferral plan, which provides a means to defer director compensation, from time to time, on a deferred stock or cash basis. Also as of September 30, 2019, 320 thousand shares were issuable under a Deferred Compensation Plan that allows certain highly-compensated employees, including executive officers, to defer salary, annual incentive awards and certain equity-based compensation. 76 Unrecognized Compensation Expense and Other Stock Plans Performance-Based Time-Vested Stock Units (in thousands) Weighted Average Grant Date Fair Value Stock Units (in thousands) Weighted Average Grant Date Fair Value Balance at October 1 1,032 $ 190.57 2,765 $ 194.92 Granted 381 237.55 755 235.50 Distributed (142 ) 153.73 (906 ) 189.06 Forfeited or canceled (316) 182.50 (546) 201.85 Balance at September 30 955 (a) $ 221.73 2,068 $ 210.48 Expected to vest at September 30 306 (b) $ 218.06 1,964 $ 209.67 (a) Based on 200% of target payout. Performance-Based Time-Vested 2019 2018 2017 2019 2018 2017 Weighted average grant date fair value of units granted $ 237.55 $ 251.75 $ 174.92 $ 235.50 $ 216.06 $ 165.96 Performance-Based Time-Vested (Millions of dollars) 2019 2018 2017 2019 2018 2017 Total fair value of units vested $ 33 $ 31 $ 32 $ 254 $ 362 $ 139