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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Summarized Information Related to Restricted Stock and Restricted Units

The following table summarizes information related to restricted stock held by the Company’s directors for the periods presented:

			Successor
			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding November 20, 2020			—						$	—
Granted			93,000						37.35
Vested			—						—
Forfeited			—						—
Non-vested shares outstanding December 31, 2020			93,000						$	37.35

Unrecognized expense as of December 31, 2020 (Successor) for all outstanding restricted stock awards was $3.5 million and will be recognized over a weighted average period of three years.

The following table summarizes information related to restricted stock held by the Company’s employees and directors for the periods presented:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2019 (Predecessor)			5,736,167						$	8.77
Granted			3,516,579						3.06
Vested			(6,054,387)						7.92
Forfeited(1)			(3,198,359)						3.20
Non-vested shares outstanding November 19, 2020 (Predecessor)			—						$	—

___________________

(1)On June 12, 2020, all restricted stock awards issued to employees and non-employee directors in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.

Summarized Information Related to Performance Share Units

The following table summarizes information related to PSUs held by the Company’s officers for the periods presented:

			Units						Weighted Average Grant Date Fair Value per Unit
Non-vested PSUs at December 31, 2019 (Predecessor)			3,027,224						$	9.12
Granted			2,429,747						2.56
Vested			(913,346)						8.29
Forfeited(1)			(2,396,524)						3.13
Cancelled			(2,147,101)						8.31
Non-vested PSUs November 19, 2020 (Predecessor)			—						$	—

___________________

(1)On June 12, 2020, all PSUs issued to the Company’s officers in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.

Summary of Assumptions

The following assumptions were used for the Monte Carlo model to determine the grant date fair value and associated equity-based compensation expense of the PSUs granted during the periods presented:

			2020						2019						2018
Forecast period (years)			2 - 4						2 - 4						2 - 4
Risk-free interest rates			1.53% - 1.55%						2.55% - 2.56%						2.08% - 2.31%
Oasis stock price volatility			68.56		%				71.17		%				72.88		%
Oasis initial value			$	3.19					$	5.85					$	8.82
Oasis stock price on date of grant			$	2.77					$	6.63					$	9.27

Summarized Information Related to Phantom Units

The following table summarizes information related to OMP Phantom Units held by certain employees of Oasis for the periods presented:

			Phantom Units						Weighted Average Fair Value per Unit
Non-vested units outstanding December 31, 2019 (Predecessor)			362,002						$	19.09
Granted			242,500						8.65
Vested			(242,360)						14.01
Forfeited(1)			(315,615)						8.64
Non-vested units outstanding November 19, 2020 (Predecessor)			46,527						$	11.77
Granted			—						—
Vested			(19,927)						12.21
Forfeited			—						—
Non-vested units outstanding December 31, 2020 (Successor)			26,600						$	12.55

___________________

(1)On June 12, 2020, all OMP Phantom Units issued to certain employees of Oasis in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.

Summarized Information Related to Restricted Units

The following table summarizes information related to restricted units held by certain directors of OMP for the periods presented:

			Restricted Units						Weighted Average Grant Date Fair Value per Unit
Non-vested units outstanding December 31, 2019 (Predecessor)			16,170						$	18.57
Granted			16,170						16.69
Vested			(16,170)						18.57
Forfeited			—						—
Non-vested units outstanding November 19, 2020 (Predecessor)			16,170						$	16.69
Granted			—						—
Vested			—						—
Forfeited			—						—
Non-vested units outstanding December 31, 2020 (Successor)			16,170						$	16.69

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