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Stock Compensation Plans | 3 Months Ended
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Mar. 31, 2021
Stock Compensation Plans |
Stock Based Compensation Plans | Note 12 – Long-Term Compensation Plan and Stock Based Compensation (share counts in thousands) Under the OneSpan Inc. 2020 Omnibus Incentive Plan, we award restricted stock units subject to time-based vesting, restricted stock units which are subject to the achievement of future performance criteria and restricted stock units that are subject to the achievement of market conditions. Other long-term incentive plan compensation expense includes cash incentives. ​ We awarded 169 restricted stock units during the three months ended March 31, 2021, subject to time-based vesting. The fair value of the unissued time-based restricted stock unit grants was $4.1 million at the dates of grant and the grants are being amortized over the vesting periods of one to four years. ​ We awarded restricted stock unit grants during the three months ended March 31, 2021, subject to the achievement of market and service conditions, which allow for up to 41 shares to be earned if the market conditions are fully achieved. The fair value of these awards was $1.7 million at the dates of grant and the awards are being amortized over the vesting period of three years. ​ We awarded restricted stock units subject to the achievement of service and future performance criteria during the three months ended March 31, 2021, which allow for up to 114 shares to be earned if the performance criteria are fully achieved. The fair value of these awards was $2.9 million at the dates of grant. The Company currently believes that these awards are expected to be earned. ​ The following table details long-term compensation plan and stock-based compensation expense for the three months ended March 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31,
​ |  | ​ | 2021 |  | 2020
in thousands | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stock-based compensation | ​ | ​ | $ | 1,342 | ​ | $ | 1,350
Other long-term incentive plan compensation | ​ | ​ |  | 200 | ​ |  | 365
Total compensation | ​ | ​ | $ | 1,542 | ​ | $ | 1,715
​

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