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Equity Incentive Plans (Notes)
12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Equity Incentive Plans
EQUITY INCENTIVE PLANS
On June 27, 2006, the Company’s stockholders approved the BankFinancial Corporation 2006 Equity Incentive Plan, which authorized the Human Resources Committee of the Board of Directors of the Company to grant a variety of cash- and equity-based incentive awards, including stock options, stock appreciation rights, restricted stock, performance shares and other incentive awards, to employees and directors aggregating up to 3,425,275 shares of the Company’s common stock. The Plan provided that no awards may be granted under the Plan after the ten-year anniversary of the Effective Date. Consequently, no further awards will be granted under this Plan.
Restricted stock awards generally vested annually over varying periods from three to five years and vesting was subject to acceleration in certain circumstances. All remaining restricted stock awards vested or were forfeited during 2018. The Company recognized zero expense relating to the grant of shares of restricted stock during the years ended December 31, 2019 and 2018. No further shares of restricted stock will be granted.
Restricted Stock
 
Number of
Shares
 
Weighted Average Fair Value at 
Grant Date
 
Weighted
Average
Term to Vest
(in years)
 
Aggregate
Intrinsic
Value (1)
Shares outstanding at January 1, 2018
 
940

 
$
8.14

 
0.00
 
$
14

Shares granted
 

 

 
 
 
 
Shares vested
 
(694
)
 
8.14

 
 
 
 
Shares forfeited
 
(246
)
 
8.14

 
 
 
 
Shares outstanding at December 31, 2018
 

 
$

 
0.00
 
$


(1)
Restricted stock aggregate intrinsic value represents the number of shares of restricted stock multiplied by the market price of the common stock underlying the outstanding shares on the date shown.