XML 78 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Equity and Long-Term Incentive Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes activity relating to Company employees who held AMC Networks restricted stock units for the year ended December 31, 2019:
Number of
Restricted
Stock Units
Number of
Performance
Restricted
Stock Units
Weighted Average 
Fair Value Per Stock Unit at Date of Grant
Unvested award balance, December 31, 20171,120,041  1,816,147  $62.53  
Granted587,471  887,807  $52.76  
Released/Vested(531,655) (227,852) $66.58  
Canceled/Forfeited(294,380) (91,335) $59.80  
Unvested award balance, December 31, 2018881,477  2,384,767  $57.49  
Granted371,673  582,282  $61.69  
Released/Vested(410,865) (519,531) $60.74  
Canceled/Forfeited(81,854) (77,617) $55.85  
Unvested award balance, December 31, 2019760,431  2,369,901  $57.89  
All restricted stock units granted vest ratably over a three or four year period.
The target number of PRSUs granted represents the right to receive a corresponding number of shares, subject to adjustment based on the performance of the Company against target performance criteria for a three year period. The number of shares issuable at the end of the applicable measurement period ranges from 0% to 200% of the target PRSU award.
The following table summarizes activity relating to Non-employee Directors who held AMC Networks restricted stock units for the year ended December 31, 2019:
Number of
Restricted
Stock Units
Weighted Average 
Fair Value Per Stock Unit at Date of Grant
Vested award balance, December 31, 2017187,446  $53.20  
Granted32,210  $61.38  
Released/Vested—  $—  
Vested award balance, December 31, 2018219,656  $54.40  
Granted34,678  $54.42  
Released/Vested(4,566) $55.90  
Vested award balance, December 31, 2019249,768  $54.38  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes activity relating to employees of the Company who held unvested AMC Networks stock options for the year ended December 31, 2019:
 Shares Under Option
Weighted
Average
Exercise Price
Per Share
Weighted
Average
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(a)
 
Time
Vesting
Options
Balance, December 31, 2017388,385  $48.26  8.79$2,260  
Exercised(89,462) $—  
Balance, December 31, 2018298,923  $48.26  7.79$1,979  
Exercised(95,962) 
Balance, December 31, 2019202,961  $48.26  6.79$—  
Options exercisable at December 31, 2019202,961  $48.26  6.79$—  
Options expected to vest in the future—  $—  —  $—  
(a)The aggregate intrinsic value is calculated as the difference between (i) the exercise price of the underlying award and (ii) the quoted price of AMC Networks Class A Common Stock on the reporting date, as indicated.