Restricted Stock Units
|3 Months Ended|
Mar. 31, 2020
|Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]|
|Restricted Stock Units||
14. RESTRICTED STOCK UNITS (RSUs)
On March 24, 2020, the Board’s Compensation Committee approved the grant of 113,506 RSUs to a new manager of the Company. These RSUs have no performance conditions and vest as follows: (i) 25% of the shares vest on February 1, 2021 and (ii) the remaining 75% vests in equal quarterly installments over aperiod starting from February 1, 2021.
The following table sets forth the activity related to the number of outstanding RSUs for the three months ended March 31, 2020:
RSUs compensation expense for the three months ended March 31, 2020 was $6.2 million, which was recorded as follows (in thousands):
As of March 31, 2020, there was $19.2 million of unrecognized compensation cost related to non-vested RSUs to be recognized over a weighted-average remaining period of 1.55 years.
The entire disclosure for share-based payment arrangement.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef