Approved Grants Equity Plans [Table Text Block] |
A summary of our outstanding share-based award activity for the year ended December 31, 2019 is as follows:
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average
Grant Date Fair Value
|
Outstanding, beginning of year |
6,792,201 |
|
|
$ |
6.90 |
|
Granted |
1,285,419 |
|
|
$ |
14.18 |
|
Vested and issued |
(3,199,270 |
) |
|
$ |
2.20 |
|
Forfeited/canceled |
(121,923 |
) |
|
$ |
12.21 |
|
Outstanding, end of year |
4,756,427 |
|
|
$ |
11.90 |
|
|
Stock Incentive Plans Disclosure [Table Text Block] |
Following is a summary of our performance share award agreements outstanding as of December 31, 2019:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performance Share Plan Year |
|
Performance Shares Granted |
|
Forfeitures to Date |
|
Expected to Vest |
|
Grant Date |
|
Grant Date Fair Value |
|
Performance Period |
2019 |
|
572,104 |
|
|
15,879 |
|
|
556,225 |
|
|
2/19/2019 |
|
$ |
18.31 |
|
|
1/1/2019 - 12/31/2021 |
2018 |
|
675,599 |
|
|
35,320 |
|
|
640,279 |
|
|
2/21/2018 |
|
$ |
11.93 |
|
|
1/1/2018 - 12/31/2020 |
2017 |
|
249,106 |
|
|
— |
|
|
249,106 |
|
|
6/26/2017 |
|
$ |
10.74 |
|
|
5/31/2017 - 12/31/2019 |
2017 |
|
553,725 |
|
|
63,457 |
|
|
490,268 |
|
|
2/21/2017 |
|
$ |
19.69 |
|
|
1/1/2017 - 12/31/2019 |
|
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] |
Stock option, restricted awards and performance share activity under our long-term equity plans and Directors’ Plans are as follows:
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|
|
|
|
|
|
|
|
|
|
2019 |
|
2018 |
|
2017 |
|
Shares |
|
Shares |
|
Shares |
Stock options: |
|
|
|
|
|
Outstanding at beginning of year |
563,230 |
|
|
599,870 |
|
|
599,870 |
|
Exercised |
— |
|
|
(36,640 |
) |
|
— |
|
Forfeited/canceled |
— |
|
|
— |
|
|
— |
|
Outstanding at end of year |
563,230 |
|
|
563,230 |
|
|
599,870 |
|
Restricted awards: |
|
|
|
|
|
Outstanding and restricted at beginning of year |
4,804,248 |
|
|
4,776,483 |
|
|
5,461,783 |
|
Granted during the year |
682,240 |
|
|
795,487 |
|
|
1,196,731 |
|
Vested and issued |
(3,168,195 |
) |
|
(627,567 |
) |
|
(1,813,315 |
) |
Forfeited/canceled |
(60,974 |
) |
|
(140,155 |
) |
|
(68,716 |
) |
Outstanding and restricted at end of year |
2,257,319 |
|
|
4,804,248 |
|
|
4,776,483 |
|
Performance shares: |
|
|
|
|
|
Outstanding at beginning of year |
1,424,723 |
|
|
1,848,312 |
|
|
1,368,469 |
|
Granted during the year |
572,104 |
|
|
675,599 |
|
|
802,831 |
|
Vested and issued |
— |
|
|
(489,953 |
) |
|
— |
|
Forfeited/canceled |
(60,949 |
) |
|
(609,235 |
) |
|
(322,988 |
) |
Outstanding at end of year |
1,935,878 |
|
|
1,424,723 |
|
|
1,848,312 |
|
Vested or expected to vest as of December 31, 20191
|
4,756,427 |
|
|
|
|
|
Directors’ retainer and voluntary shares: |
|
|
|
|
|
Outstanding at beginning of year |
— |
|
|
— |
|
|
— |
|
Granted during the year |
31,075 |
|
|
27,300 |
|
|
25,476 |
|
Vested and issued |
(31,075 |
) |
|
(27,300 |
) |
|
(25,476 |
) |
Outstanding at end of year |
— |
|
|
— |
|
|
— |
|
Reserved for future grants or awards at end of year: |
|
|
|
|
|
Employee plans |
9,931,740 |
|
|
|
|
|
Directors’ plans |
389,692 |
|
|
|
|
|
Total |
10,321,432 |
|
|
|
|
|
|
|
|
|
|
|
1 We assume all shares will vest until the date of vesting or forfeiture.
|
Following is a summary of approved grants by the Compensation Committee:
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|
|
|
|
|
|
|
|
|
|
|
Grant Year |
|
Vesting Date |
|
Plan Issued Under |
|
Restricted Stock Units Granted |
|
Performance Shares Granted |
2019 |
|
12/31/2021 |
|
A&R 2015 Equity Plan |
|
572,104 |
|
|
572,104 |
|
2018 |
|
12/31/2020 |
|
A&R 2015 Equity Plan |
|
685,599 |
|
|
675,599 |
|
2017 |
|
12/31/2019 |
|
A&R 2015 Equity Plan |
|
532,358 |
|
|
249,106 |
|
2017 |
|
12/31/2019 |
|
Amended 2015 Equity Plan |
|
553,725 |
|
|
553,725 |
|
|