Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation Plans

v3.19.1
Equity-Based Compensation Plans
3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Equity-Based Compensation Plans EQUITY-BASED COMPENSATION PLANS


The Company has three equity-based compensation plans: 2018 Equity Incentive Plan; Earnout Incentive Plan; and 2014 Management Incentive Plan. Total equity-based compensation expense for the quarters ended March 31, 2019 and 2018 was approximately $1.2 million and $0.2 million, respectively, which is included in Salary and employee benefits in the accompanying unaudited condensed consolidated statements of operations. Expense recognized by plan was as follows:

(in thousands)
 
Quarter Ended March 31,
 
 
2019
 
2018
 
 
 
 
 
2018 Equity Incentive Plan
 
$
924

 
$

2014 Management Incentive Plan
 
236

 
188

Earnout Incentive Plan
 

 

Total
 
$
1,160

 
$
188





Grants under the 2018 Equity Incentive Plan will begin to vest starting in July 2019.

Beginning in 2018, the Company elected to recognize the effects of forfeitures on compensation expense as the forfeitures occur for all plans.