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Share-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Valuation Assumptions
The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions shown as a weighted average for the year:
 
 
June 30, 2019
 
June 30, 2018
Expected option life (in years)
 
—
 
0.88 - 5.84
Risk-free interest rate
 
—%
 
2.24 - 2.85%
Expected volatility
 
—%
 
47.51 - 47.89%
Dividend yield
 
—%
 
—%
Summary of Company's Restricted Stock Activity
A summary of HC2’s restricted stock activity is as follows:
 
 
Shares
 
Weighted Average Grant Date Fair Value
Unvested - December 31, 2018
 
3,031,469

 
$
5.93

Granted
 
542,450

 
$
2.57

Vested
 
(1,144,831
)
 
$
6.07

Forfeited
 
(5,842
)
 
$
3.14

Unvested - June 30, 2019
 
2,423,246

 
$
5.12
Summary of Company's Stock Option Activity
A summary of HC2’s stock option activity is as follows:
 
 
Shares
 
Weighted Average Exercise Price
Outstanding - December 31, 2018
 
7,160,861

 
$
6.51

Granted
 
—

 
$
—

Exercised
 
—

 
$
—

Forfeited
 
—

 
$
—

Expired
 
(93,269
)
 
$
5.47

Outstanding - June 30, 2019
 
7,067,592

 
$
6.52

 
 
 
 
 
Eligible for exercise
 
6,613,099

 
$
6.59