Share-Based Compensation

6 Months Ended

Jun. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

8.	Share-Based Compensation:

In April 2015, the Company’s shareholders approved the Providence and Worcester Railroad Company 2015 Equity Incentive Plan (“Plan”), which replaced the Company’s non-qualified stock option plan (“SOP”). In January and April 2016, awards totaling 60,000 options and 70,500 restricted stock units (“RSU”) were issued under the Plan. The option awards vest in accordance with the term of the option agreements (mainly time vested over a 5 year period) and the RSUs are performance based. Each of the options and RSUs vest upon a change in control. Options issued but not exercised under both the SOP and the Equity Incentive Plan totaling 103,465 remain outstanding until they are either exercised or expire.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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