XML 49 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Share Options And Awards (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair Value Of Market-Based Share Awards Assumptions
The fair value of the market-based share awards was estimated on the date of grant using a Monte Carlo valuation model based on the following assumptions:
 
Three Months Ended
March 31, 2016
 
Minimum
 
Maximum
Dividend yield
0.0
%
 
4.0
%
Expected volatility (1)
16.0
%
 
20.4
%
Expected life (in years)
N/A

 
3

Risk-free interest rate
0.5
%
 
0.9
%

_______________
(1)    Includes the volatility of the FTSE NAREIT U.S. Shopping Center index and Weingarten Realty Investors.
Summary Of The Status Of Unvested Restricted Share Awards
A summary of the status of unvested restricted share awards for the three months ended March 31, 2016 is as follows:
 
Unvested
Restricted
Share
Awards
 
Weighted
Average 
Grant
Date Fair 
Value
Outstanding, January 1, 2016
589,906

 
$
32.05

Granted:
 
 
 
Service-based awards
114,654

 
34.45

Market-based awards relative to FTSE NAREIT U.S. Shopping Center
Index
50,170

 
37.11

Market-based awards relative to three-year absolute TSR
50,170

 
24.20

Vested
(205,570
)
 
31.32

Forfeited
(2,506
)
 
34.48

Outstanding, March 31, 2016
596,824

 
$
32.52