Equity-Based Compensation

6 Months Ended

Jun. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity-Based Compensation

5. Equity-Based Compensation

We granted 26,512 and 41,481 restricted stock units (“RSUs”) during the three months ended June 30, 2019 and 2018, respectively, and granted 938,731 and 509,007 RSUs during the six months ended June 30, 2019 and 2018, respectively. Equity-based compensation expense related to RSUs was $8.5 million and $5.0 million during the three months ended June 30, 2019 and 2018, respectively, and $15.6 million and $9.3 million during the six months ended June 30, 2019 and 2018, respectively.

We present below a summary of changes during the six months ended June 30, 2019 in our unvested units of restricted stock:

	Number of shares/units
Outstanding at December 31, 2018		997,173
Granted		938,731
Vested		(372,832	)
Forfeited		(21,406	)
Outstanding at June 30, 2019		1,541,666