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Share-Based Compensation Plans | 9 Months Ended
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Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Compensation Plans |
1 3. | Share-Based Compensation Plans
In connection with the Redomestication, the 2018 Share Incentive Plan was amended and restated to reflect Global Indemnity Group, LLC’s assumption of the sponsorship of the plan and other changes deemed necessary and appropriate to reflect the completion of the Redomestication. Options No stock options were awarded during the quarters and nine months ended September 30, 2020 and 2019. No unvested stock options were forfeited during the quarters and nine months ended September 30, 2020 or 2019. Restricted Shares / Restricted Stock Units There were no restricted class A common shares granted to key employees during the quarters ended September 30, 2020 and 2019 or the nine months ended September 30, 2020. During the nine months ended September 30, 2019, the Company granted 36,180 restricted class A common shares, with a weighted average grant date value of $35.82 per share, to key employees under the Plan. 9,063 of these shares vested immediately. 27,117 of these shares will vest as follows:
| • | 16.5% vested on January 1, 2020, 16.5% and 17.0% of the restricted stock will vest on January 1, 2021 and January 1, 2022, respectively.
| • | Subject to Board approval, 50% of restricted stock will vest 100%, no later than March 15, 2022, following a re-measurement of 2018 results as of December 31, 2021.
There were no restricted stock units granted to key employees during the quarter ended September 30, 2020 and 2019. During the nine months ended September 30, 2020, the Company granted 161,238 restricted stock units, with a weighted average grant date value of $30.32 per share, to key employees under the Plan. 3,375 of these restricted stock units will vest evenly over the next three years on January 1, 2021, January 1, 2022 and January 1, 2023. 66,957 of these restricted stock units will vest as follows:
| • | 10.0%, 20.0%, 30.0% and 40.0% of the restricted stock units will vest on June 18, 2021, June 18, 2022, June 18, 2023 and June 18, 2024, respectively.
The remaining 90,906 restricted stock units will vest as follows:
| • | 16.5%, 16.5%, and 17.0% of the restricted stock units will vest on January 1, 2021, January 1, 2022, and January 1, 2023, respectively.
| • | Subject to Board approval, 50% of restricted stock units will vest 100%, no later than March 15, 2023, following a re-measurement of 2019 results as of December 31, 2022.
During the nine months ended September 30, 2019, the Company granted 175,498 restricted stock units, with a weighted average grant date value of $30.18 per unit, to key employees under the Plan. These restricted stock units will vest as follows:
| • | 10.0%, 20.0%, 30.0% and 40.0% of the restricted stock units will vest on June 18, 2021, June 18, 2022, June 18, 2023 and June 18, 2024, respectively.
During the quarters ended September 30, 2020 and 2019, the Company granted 29,893 and 19,275 class A common shares, respectively, at a weighted average grant date value of $22.58 and $24.97 per share, respectively, to non-employee directors of the Company under the Plan. During the nine months ended September 30, 2020 and 2019, the Company granted 81,502 and 50,661 class A common shares, respectively, at a weighted average grant date value of $24.85 and $28.50 per share, respectively, to non-employee directors of the Company under the Plan. All of these shares granted to non-employee directors of the Company in 2020 and 2019 were fully vested but are subject to certain restrictions. During the quarter and nine months ended September 30, 2020, the Company also granted 41,667 restricted stock units to a non-employee director that vest ratably over three years on January 1, 2022, January 1, 2023, and January 1, 2024.

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