XML 77 R37.htm IDEA: XBRL DOCUMENT v3.20.1
STOCK BASED AND OTHER COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [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 Note 14, Stock Based and Other Compensation Plans included within the Company’s Annual Report ($ in thousands):

 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Stock Based Compensation Expense
$
14,026

 
$
11,292

Phantom Equity Investment Plan
2,138

 
802

Stock Options Exercised
(270
)
 
—

Bonus Expense
30

 
6,785

Total
$
15,924

 
$
18,879
Summary of the grants
A summary of the grants is presented below:
 
Three Months Ended March 31,
 
2020
 
2019
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
Per Share
 
Number
of Shares
 
Weighted
Average
Fair Value
Per Share
 
 
 
 
 
 
 
 
Grants - Class A Common Stock
1,466,337

 
$
18.72

 
1,541,001

 
$
17.56

Grants - Class A Common Stock dividends
—

 
—

 
11,113

 
16.61

Stock Options
—

 
—

 
12,073

 
—
Schedule of nonvested shares activity
The table below presents the number of unvested shares and outstanding stock options at March 31, 2020 and changes during 2020 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, 2019
1,436,683

 
994,208

Granted
1,466,337

 
—

Exercised
 
 
(83,845
)
Vested
(1,161,118
)
 
 
Forfeited
(5,803
)
 
—

Expired
 
 
—

Nonvested/Outstanding at March 31, 2020
1,736,099

 
910,363

 
 
 
 
Exercisable at March 31, 2020
 
 
910,363