Annual report pursuant to Section 13 and 15(d)

Share Based Compensation (Tables)

v3.19.3.a.u2
Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share Based Compensation Plans
Share Award Transactions. The following transactions have occurred in connection with the Company’s share based compensation plans during the years ended December 31,:
2019 2018 2017
Restricted stock awards granted 149,950    121,850    153,100   
Restricted stock awards forfeited (4,230)   —    (2,444)  
Director stock awards granted 2,125    2,875    1,750   
Stock Option Activities:
Outstanding as of the beginning of year 1,467,391    1,546,014    1,639,865   
Granted(1)
165,650    142,550    1,013,893   
Exercised (165,893)   (220,694)   (562,587)  
Forfeited (5,200)   —    (3,374)  
Expired (7,874)   (479)   (541,783)  
Outstanding as of the end of year 1,454,074    1,467,391    1,546,014   
Employee Stock Purchase Plans shares issued 44,383    45,251    36,552   
Shares available for issuance under Share Incentive and Employee Stock Purchase Plans as of the end of year(2)
539,414    884,218    896,265   
______________________
(1)On June 2, 2017, the Company granted 846,353 stock options to existing option holders under make-whole provisions upon the Spin-off.
(2)Shares available for future grants and ESPP purchases were adjusted on June 2, 2017 to reflect the Spin-off in accordance with make-whole provisions of the plans.
Schedule of Share-based Compensation, Restricted Stock Activity
During the year ended December 31, 2019, the number of shares and the weighted average grant price of restricted stock transactions were as follows:
Restricted Stock
Number of
Shares
Weighted
Average
Grant Price
Nonvested as of December 31, 2018 121,850    $ 46.66   
Granted 149,950    $ 43.20   
Vested (26,390)   $ 46.58   
Forfeited (4,230)   $ 44.66   
Nonvested as of December 31, 2019 241,180    $ 44.55   
Schedule of Share-based Compensation, Stock Options Activity
During the year ended December 31, 2019, the number of shares and the weighted average exercise price on stock option transactions were as follows:
Total Options
Number of
Shares
Weighted
Average
Exercise Price
Outstanding, as of December 31, 2018 1,467,391    $ 41.72   
Granted 165,650    $ 43.77   
Exercised (165,893)   $ 31.61   
Forfeited (5,200)   $ 43.47   
Expired (7,874)   $ 48.84   
Outstanding, as of December 31, 2019 1,454,074    $ 43.19   
Outstanding and Exercisable, as of December 31, 2019 1,013,705    $ 43.60