SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 2017

NOTE H – SHARE-BASED COMPENSATION

Stock Awards

As of June 30, 2017 and December 31, 2016, the Company had outstanding restricted stock units granted under the 2005 Ownership Incentive Plan (the “2005 Plan”). The 2005 Plan, as amended, provides for the granting of 3.1 million shares, which may be awarded as incentive and nonqualified stock options, stock appreciation rights, restricted stock, or restricted stock units (“RSUs”).

Restricted Stock Units

A summary of the Company’s restricted stock unit award program is presented below:



		Units
Outstanding – January 1, 2017		1,477,537
Granted		501,750
Vested		(373,138)
Forfeited(1)		(42,509)
Outstanding – June 30, 2017		1,563,640

⁽¹⁾

Forfeitures are recognized as they occur.

The RSUs granted during the period had a weighted-average grant date fair value of $16.35 per share.

- 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.

+ References + Details