Schedule of Stock Options Activity |
summarizes the option activity under the Plan as of December 31, 2021 and changes during the year then ended: | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands, except share and per share data) | Options | | Weighted Average Exercise Price | | Aggregate Intrinsic Value | | Weighted Average Remaining Contractual Term (in years) | Outstanding at January 1, 2021 | 21,567 | | | $ | 20.67 | | | | | | Granted | — | | | — | | | | | | Exercised | (1,250) | | | 15.56 | | | | | | Expired | (19,067) | | | 21.04 | | | | | | Forfeited | — | | | — | | | | | | Outstanding at December 31, 2021 | 1,250 | | | $ | 20.20 | | | $ | 2 | | | 0.33 | Exercisable at December 31, 2021 | 1,250 | | | $ | 20.20 | | | $ | 2 | | | 0.33 | Exercisable at December 31, 2020 | 21,567 | | | $ | 20.67 | | | | | |
During the years ended December 31, 2019, 2020 and 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Plan. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of AO LTIP Units | | Participation Threshold per AO LTIP Unit | Executive | | 2019 Awards | | 2020 Awards | | 2021 Awards | | 2019 Awards | | 2020 Awards | | 2021 Awards | John A. Kite | | 1,490,683 | | | 1,729,729 | | | 477,612 | | | $ | 15.79 | | | $ | 17.76 | | | $ | 16.69 | | Thomas A. McGowan | | 372,671 | | | 405,405 | | | 149,254 | | | $ | 15.79 | | | $ | 17.76 | | | $ | 16.69 | | Heath R. Fear | | 253,416 | | | 275,675 | | | 119,403 | | | $ | 15.79 | | | $ | 17.76 | | | $ | 16.69 | |
|
Schedule of Restricted Stock Activity |
The following table summarizes the restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2021 and changes during the year then ended: | | | | | | | | | | | | | Number of Restricted Shares | | Weighted Average Grant Date Fair Value per share | Restricted shares outstanding at January 1, 2021 | 321,591 | | | $ | 14.42 | | Shares granted | 137,646 | | | 19.32 | | Shares assumed in the Merger | 56,765 | | | 21.13 | | Shares forfeited | (5,226) | | | 17.47 | | Shares vested | (187,544) | | | 13.34 | | Restricted shares outstanding at December 31, 2021 | 323,232 | | | $ | 18.27 | |
The following table summarizes the restricted share grants and vestings during the years ended December 31, 2021, 2020, and 2019: | | | | | | | | | | | | | | | | | | ($ in thousands, except share and per share data) | Number of Restricted Shares Granted | | Weighted Average Grant Date Fair Value per share | | Fair Value of Restricted Shares Vested | 2021 | 194,411 | | | $ | 19.85 | | | $ | 3,763 | | 2020 | 211,476 | | | $ | 13.21 | | | $ | 2,727 | | 2019 | 154,440 | | | $ | 15.84 | | | $ | 2,270 | |
The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2021: | | | | | | | | | | | | | Number of Restricted Units | | Weighted Average Grant Date Fair Value per unit | Restricted units outstanding at January 1, 2021 | 491,196 | | | $ | 13.32 | | Restricted units granted | 72,689 | | | 14.26 | | Restricted units vested | (149,444) | | | 14.00 | | Restricted units outstanding at December 31, 2021 | 414,441 | | | $ | 13.24 | |
The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2021, 2020, and 2019: | | | | | | | | | | | | | | | | | | ($ in thousands, except unit and per unit data) | Number of Restricted Units Granted | | Weighted Average Grant Date Fair Value per Unit | | Fair Value of Restricted Units Vested | 2021 | 72,689 | | | $ | 14.26 | | | $ | 2,956 | | 2020 | 431,913 | | | $ | 13.10 | | | $ | 1,784 | | 2019 | 84,987 | | | $ | 14.11 | | | $ | 749 | |
|