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Long-Term Compensation Plan and Stock Based Compensation | 6 Months Ended
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Jun. 30, 2020
Long-Term Compensation Plan and Stock Based Compensation |
Long-Term Compensation Plan and Stock Based Compensation | Note 12 – Long-Term Compensation Plan and Stock Based Compensation (share counts in thousands) Under the OneSpan Inc. 2019 Omnibus Incentive Plan, we awarded 296 restricted stock units during the six months ended June 30, 2020, subject to time-based vesting. During the same period we awarded restricted stock units some of which are subject to the achievement of future performance criteria and others that are subject to the achievement of market conditions. For the restricted stock units for which performance criteria have been established, the Company currently believes it is probable that 198 unissued shares will be earned. The restricted stock units subject to market conditions allow for up to 88 shares to be earned if the market conditions are fully achieved. The fair value of the unissued 296 time-based restricted stock units was $5.2 million at the date of grant, and is being amortized over the vesting period of one to four years. The fair value of the 198 unissued shares was $4.1 million at the date of grant, and is being amortized over the vesting period of three years. The fair value of the 88 shares subject to market conditions was $1.6 million at the date of grant, and is being amortized over the vesting period of three years. ​ The following table details long-term compensation plan and stock-based compensation expense for the three and six months ended June 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, |
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
in thousands | ​ | (in thousands) | ​ | (in thousands) | ​
Restricted stock | ​ | $ | 860 | ​ | $ | 677 | ​ | $ | 2,210 | ​ | $ | 1,229 | ​
Long-term compensation plan | ​ |  | 305 | ​ |  | 755 | ​ |  | 670 | ​ |  | 1,258 | ​
Total compensation | ​ | $ | 1,165 | ​ | $ | 1,432 | ​ | $ | 2,880 | ​ | $ | 2,487 | ​
​

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