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Equity and Long-Term Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020:
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, 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 
Granted824,946 335,472 $25.78 
Released/Vested(322,458)(858,101)$61.18 
Canceled/Forfeited(260,382)(369,650)$48.57 
Unvested award balance, December 31, 20201,002,537 1,477,622 $43.79 
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, 2020:
Number of
Restricted
Stock Units
Weighted Average 
Fair Value Per Stock Unit at Date of Grant
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 
Granted54,535 $28.33 
Released/Vested(43,938)$51.24 
Vested award balance, December 31, 2020260,365 $49.45 
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, 2020:
 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, 2018298,923 $48.26 7.79$1,979 
Exercised(95,962)— 
Balance, December 31, 2019202,961 $48.26 6.79$— 
Exercised— — 
Balance, December 31, 2020202,961 $48.26 5.79$— 
Options exercisable at December 31, 2020202,961 $48.26 5.79$— 
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.