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STOCK BASED AND OTHER COMPENSATION PLANS (Tables) | 3 Months Ended
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Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock based compensation plans summary | The following table summarizes the impact on the consolidated statement of operations of the various stock based compensation plans described in this note ($ in thousands):
| Three Months Ended March 31,
| 2019 |  | 2018
Stock Based Compensation Expense: |  |  |
Annual Incentive Awards Granted in 2015 with Respect to 2014 Performance | $ | — |  |  | $ | 172 |
Annual Incentive Awards Granted in 2016 with Respect to 2015 Performance | 132 |  |  | 322 |
Annual Incentive Awards Granted in 2017 with Respect to 2016 Performance(1) | 394 |  |  | 622 |
Other 2017 Restricted Stock Awards(1) | 51 |  |  | 105 |
Annual Incentive Awards Granted in 2017 with Respect to 2017 Performance(1) | 785 |  |  | 1,117 |
2018 Restricted Stock Awards | 32 |  |  | 42 |
Other 2018 Restricted Stock Awards(1) | 10 |  |  | — |
Annual Incentive Awards Granted in 2019 with Respect to 2018 Performance(1) | 9,814 |  |  | — |
2019 Restricted Stock Awards | 62 |  |  | — |
Other Employee/Director Awards | 12 |  |  | 20 |
Total Stock Based Compensation Expense | $ | 11,292 |  |  | $ | 2,400 |
Phantom Equity Investment Plan | $ | 802 |  |  | $ | — |
Ladder Capital Corp Deferred Compensation Plan | $ | — |  |  | $ | 427 |
Bonus Expense | $ | 6,785 |  |  | $ | 10,140 |
(1) | Includes immediate vesting of retirement eligible employees, including Brian Harris, our Chief Executive Officer.
Summary of the grants | A summary of the grants is presented below ($ in thousands):
| Three Months Ended March 31,
| 2019 |  | 2018
| Number of Shares/Options |  | Weighted Average Fair Value |  | Number of Shares |  | Weighted Average Fair Value
Grants - Class A Common Stock (restricted) | 1,541,683 |  |  | $ | 27,071 |  |  | 25,370 |  |  | $ | 375 |
Grants - Class A Common Stock (restricted) dividends | 11,113 |  |  | 185 |  |  | — |  |  | — |
Stock Options | 12,073 |  |  | — |  |  | — |  |  | — |
Amortization to compensation expense |  |  |  |  |  |  |
Ladder compensation expense |  |  |  | (11,292 | ) |  |  |  |  | (2,400 | )
Total amortization to compensation expense |  |  |  | $ | (11,292 | ) |  |  |  |  | $ | (2,400 | )
Schedule of nonvested shares activity | The table below presents the number of unvested shares and outstanding stock options at March 31, 2019 and changes during 2019 of the Class A Common stock and Stock Options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan:
| Restricted Stock |  | Stock Options
Nonvested/Outstanding at December 31, 2018 | 1,118,194 |  |  | 982,135 |
Granted | 1,552,114 |  |  | 12,073 |
Exercised |  |  | — |
Vested | (1,102,027 | ) |  |
Forfeited | — |  |  | — |
Expired |  |  | — |
Nonvested/Outstanding at March 31, 2019 | 1,568,281 |  |  | 994,208 |
Exercisable at March 31, 2019 |  |  | 994,208 |
The table below presents the number of unvested shares and outstanding stock options at March 31, 2018 and changes during 2018 of the Class A Common stock and Stock Options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan:
| Restricted Stock |  | Stock Options
Nonvested/Outstanding at December 31, 2017 | 1,252,365 |  |  | 982,135 |
Granted | 25,370 |  |  | — |
Exercised |  |  | — |
Vested | (117,777 | ) |  |
Forfeited | (11,169 | ) |  | — |
Expired |  |  | — |
Nonvested/Outstanding at March 31, 2018 | 1,148,789 |  |  | 982,135 |
Exercisable at March 31, 2018 |  |  | 929,701 |

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