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Share-Based Payments | 9 Months Ended
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Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Payments | Share-Based Payments On September 23, 2009, the Company’s board of directors approved the Apollo Commercial Real Estate Finance, Inc., 2009 Equity Incentive Plan (the “LTIP”). The LTIP provides for grants of restricted common stock, RSUs and other equity-based awards up to an aggregate of 7.5% of the issued and outstanding shares of the Company’s common stock (on a fully diluted basis). The LTIP is administered by the compensation committee of the Company’s board of directors (the “Compensation Committee”) and all grants under the LTIP must be approved by the Compensation Committee. The Company recognized stock-based compensation expense of $784 and $2,095 for the three and nine months ended September 30, 2013, respectively, related to restricted stock and RSU vesting. The Company recognized stock-based compensation expense of $1,276 and $3,244 for the three and nine months ended September 30, 2012, respectively, related to restricted stock and RSU vesting. The following table summarizes the grants of restricted common stock and RSUs during the nine months ended September 30, 2013:
Type | Date |  | Restricted Stock |  | RSUs |  | Estimate Fair Value on Grant Date |  | Initial Vesting |  | Final Vesting
Grant | February 2013 |  | 20,000 |  |  | — |  |  | $ | 352 |  |  | December 2013 |  | December 2015
Grant | February 2013 |  | — |  |  | 180,000 |  |  | 3,166 |  |  | December 2013 |  | December 2015
Grant | April 2013 |  | 11,304 |  |  | — |  |  | 200 |  |  | July 2013 |  | April 2016
Grant | May 2013 |  | — |  |  | 15,000 |  |  | 261 |  |  | December 2013 |  | December 2015
Forfeiture * | June 2013 |  | — |  |  | (5,000 | ) |  | n/a |  |  | n/a |  | n/a
Grant | September 2013 |  | — |  |  | 10,000 |  |  | 153 |  |  | September 2013 |  | September 2013
Total |  |  | 31,304 |  |  | 200,000 |  |  |  |  |  |  |
* Represents RSUs forfeited by a former employee of the Manager in connection with such employee’s resignation from the Manager. Below is a summary of expected restricted common stock and RSU vesting dates as of September 30, 2013.
Vesting Date | Shares Vesting |  | RSU Vesting |  | Total Awards
October 2013 | 2,925 |  |  | 416 |  |  | 3,341 |
December 2013 | 6,664 |  |  | 63,327 |  |  | 69,991 |
January 2014 | 2,504 |  |  | 93,335 |  |  | 95,839 |
March 2014 | — |  |  | 6,667 |  |  | 6,667 |
April 2014 | 2,508 |  |  | 417 |  |  | 2,925 |
July 2014 | 1,740 |  |  | — |  |  | 1,740 |
July 2014 | 500 |  |  | — |  |  | 500 |
October 2014 | 1,736 |  |  | — |  |  | 1,736 |
December 2014 | 6,668 |  |  | 63,332 |  |  | 70,000 |
January 2015 | 1,744 |  |  | — |  |  | 1,744 |
March 2015 | — |  |  | 6,667 |  |  | 6,667 |
April 2015 | 1,744 |  |  | — |  |  | 1,744 |
July 2015 | 944 |  |  | — |  |  | 944 |
July 2015 | 500 |  |  | — |  |  | 500 |
October 2015 | 944 |  |  | — |  |  | 944 |
December 2015 | 6,668 |  |  | 63,341 |  |  | 70,009 |
January 2016 | 944 |  |  | — |  |  | 944 |
April 2016 | 944 |  |  | — |  |  | 944 |
| 39,677 |  |  | 297,502 |  |  | 337,179 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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