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Stock Options and Restricted Stock | 9 Months Ended
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Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Options and Restricted Stock | Note 2. Stock Options and Restricted Stock As of September 30, 2020, the Company has two equity incentive plans: the AMERISAFE Non-Employee Director Restricted Stock Plan (the “Restricted Stock Plan”) and the AMERISAFE 2012 Equity and Incentive Compensation Plan (the “2012 Incentive Plan”). See Note 12 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2019 for additional information regarding the Company’s incentive plans. During the nine months ended September 30, 2020, the Company issued 23,207 shares of common stock pursuant to vested performance awards and 5,269 shares of restricted common stock to non-employee directors. The market value of these shares totaled $1.8 million. During the nine months ended September 30, 2019, the Company issued 9,391 shares of common stock pursuant to vested performance awards and 11,048 shares of restricted common stock to executive officers. During the nine months ended September 30, 2019, the Company issued 4,890 shares of restricted common stock to non-employee directors. The market value of these shares totaled $1.5 million. During the nine months ended September 30, 2020, there were no exercises of options to purchase common stock. During the nine months ended September 30, 2019, options to purchase 5,000 shares of common stock were exercised. In connection with these exercises, the Company received $20 thousand of stock option proceeds. The Company had no stock options outstanding as of September 30, 2020. The Company recognized share-based compensation expense of $0.8 million in the quarter ended September 30, 2020 and $0.4 million for the same period in 2019. The Company recognized share-based compensation expense of $2.6 million in the nine months ended September 30, 2020 and $0.9 million for the same period in 2019.

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