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Long-Term Compensation Plan and Stock Based Compensation
3 Months Ended
Mar. 31, 2019
Long-Term Compensation Plan and Stock Based Compensation  
Stock Compensation Plans

Note 10 – Long-Term Compensation Plan and Stock Based Compensation (share counts in thousands)

In prior periods, the Company has awarded shares of time-based restricted stock and unissued shares subject to future performance criteria under the OneSpan Inc. 2009 Equity Incentive Plan.

The 2009 Equity Incentive Plan terminated on December 19, 2018, and no additional securities remained for issuance. The 2019 Omnibus Incentive Plan was adopted by the Board of Directors on February 1, 2019 and is being submitted to stockholders for approval at the annual shareholder meeting to be held in the second quarter of 2019.

The following table details long-term compensation plan and stock-based compensation expense for the three and months ended March 31, 2019 and 2018:

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

March 31, 

 

 

    

2019

    

2018

    

in thousands

 

(in thousands)

 

Restricted stock

 

$

552

 

$

800

 

Long-term compensation plan

 

 

503

 

 

552

 

Total compensation

 

$

1,055

 

$

1,352