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Stock-Based Compensation | 9 Months Ended
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Sep. 30, 2019
Share-based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation Effective as of June 10, 2019, we amended the OUTFRONT Media Inc. Amended and Restated Omnibus Stock Incentive Plan (the “Stock Plan”) to, among other things, increase the number of shares of our common stock reserved for issuance under our prior plan by 5,100,000 shares, so that the aggregate number of shares reserved for issuance under the Stock Plan is 13,100,000 shares of our common stock. The following table summarizes our stock-based compensation expense for the three and nine months ended September 30, 2019 and 2018.
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in millions) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes |  | $ | 5.6 |  |  | $ | 4.8 |  |  | $ | 16.4 |  |  | $ | 15.4 |
Tax benefit |  | (0.4 | ) |  | (0.4 | ) |  | (1.1 | ) |  | (1.1 | )
Stock-based compensation expense, net of tax |  | $ | 5.2 |  |  | $ | 4.4 |  |  | $ | 15.3 |  |  | $ | 14.3 |
As of September 30, 2019, total unrecognized compensation cost related to non-vested RSUs and PRSUs was $29.6 million, which is expected to be recognized over a weighted average period of 2.0 years. RSUs and PRSUs The following table summarizes activity for the nine months ended September 30, 2019, of RSUs and PRSUs issued to our employees.
|  | Activity |  | Weighted Average Per Share Grant Date Fair Market Value
Non-vested as of December 31, 2018 |  | 1,723,980 |  |  | $ | 22.39 |
Granted: |  |  |  |
RSUs |  | 853,965 |  |  | 21.73 |
PRSUs |  | 376,418 |  |  | 21.41 |
Vested: |  |  |  |
RSUs |  | (586,553 | ) |  | 21.99 |
PRSUs |  | (246,542 | ) |  | 21.99 |
Forfeitures: |  |  |  |
RSUs |  | (42,425 | ) |  | 22.16 |
PRSUs |  | (5,250 | ) |  | 22.17 |
Non-vested as of September 30, 2019 |  | 2,073,593 |  |  | 22.10 |
Stock Options The following table summarizes activity for the nine months ended September 30, 2019, of stock options issued to our employees.
|  | Activity |  | Weighted Average Exercise Price
Outstanding as of December 31, 2018 |  | 141,847 |  |  | $ | 23.08 |
Exercised |  | (15,319 | ) |  | 10.78 |
Outstanding as of September 30, 2019 |  | 126,528 |  |  | 24.57 |
Exercisable as of September 30, 2019 |  | 126,528 |  |  | 24.57 |

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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- References No definition available. + Details
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