Restricted Stock Units (RSUs)

6 Months Ended

Jun. 30, 2019

Restricted Stock Units (RSUs) [Abstract]

(11)RESTRICTED STOCK UNITS (RSUs)


Non-vested grants at December 31, 2018		789,250
Granted – share price on grant date was $5.27		8,000
Vested – share price on vesting date was $5.56		(4,000)
Forfeited		—
Non-vested grants at June 30, 2019		793,250

With the passing of our Chairman, Victor Stabio, on March 7, 2018, the vesting of his 220,000 RSUs accelerated. The value of the accelerated RSUs was $1.5 million.

Non-vested RSU grants will vest as follows:


Vesting Year		RSUs Vesting
2019		302,750
2020		176,250
2021		314,250
		793,250

The outstanding RSUs have a value of $4.3 million based on the August 1, 2019, closing stock price of $5.48.

At June 30, 2019, we had 1,251,718 RSUs available for future issuance.