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Stock Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of stock option activity under the plans

Following is stock option activity under the plans during the three months ended March 31, 2020:

 

 

 

Options

Outstanding

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (in years)

 

 

Aggregate

Intrinsic

Value

(in 000’s)

 

Options outstanding, January 1, 2020

 

 

17,700

 

 

$

17.60

 

 

 

 

 

 

 

 

 

Forfeited or cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchanged

 

 

39,983

 

 

 

16.00

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding, March 31, 2020

 

 

57,683

 

 

$

16.49

 

 

 

5.06

 

 

$

152

 

Vested or expected to vest at March 31, 2020

 

 

57,683

 

 

$

16.49

 

 

 

5.06

 

 

$

152

 

Exercisable at March 31, 2020

 

 

55,783

 

 

$

16.41

 

 

 

5.04

 

 

$

152

 

Schedule of proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised

All of the 39,983 options exchanged are associated with the conversion of all of the outstanding stock options on the books of UCFC into stock options of First Defiance.

 

Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Proceeds of options exercised

 

$

 

 

$

185

 

Related tax benefit recognized

 

 

 

 

 

4

 

Intrinsic value of options exercised

 

 

 

 

 

360

 

Schedule of restricted stock units and stock grants Total expense of $1.0 million was recorded during the three months ended March 31, 2020, compared to expense of $523,000 for the three months ended March 31, 2019.  There was approximately $858,000 and $1.2 million included within other liabilities at March 31, 2020 and December 31, 2019, respectively, related to the STIP.

 

 

 

Restricted Stock Units

 

 

Stock Grants

 

Unvested Shares

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

Unvested at January 1, 2020

 

 

158,470

 

 

$

25.72

 

 

 

48,545

 

 

$

27.49

 

Granted

 

 

 

 

 

 

 

 

13,349

 

 

 

25.75

 

Vested

 

 

(86,050

)

 

 

25.48

 

 

 

(1,244

)

 

 

28.60

 

Forfeited

 

 

(26,291

)

 

 

25.58

 

 

 

 

 

 

 

Unvested at March 31, 2020

 

 

46,129

 

 

$

26.24

 

 

 

60,650

 

 

$

27.09