Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.20.2
Stock-Based Compensation and Other Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity Related to Restricted Stock Units

The following table presents the activity during the period related to restricted stock units from the 2017 Stock Plan:

 

 

 

2017 Stock Plan

 

 

 

Restricted Stock Unit Awards

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at January 1, 2020

 

 

59,280

 

 

$

22.11

 

Granted

 

 

138,575

 

 

 

11.18

 

Vested

 

 

(14,788

)

 

 

22.24

 

Forfeited

 

 

(2,500

)

 

 

21.20

 

Outstanding at September 30, 2020

 

 

180,567

 

 

$

13.73

 

Summary of Stock Based Compensation Expense

A summary of selected data related to stock-based compensation expense for the three months ended September 30, 2020 and 2019 are as follows:

 

 

 

Restricted Stock Unit Awards

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Stock-based compensation expense

 

$

647

 

 

$

77

 

Unrecognized compensation expense related to stock-based compensation

 

$

2,443

 

 

$

1,138

 

Weighted-average life over which expense is expected to be recognized (years)

 

 

4.49

 

 

 

4.44

 

Bank4Texas Warrants  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Warrant Activity Activity for the Bank4Texas Warrants for the period indicated is summarized as follows: 

 

 

 

Bank4Texas Warrants

 

 

 

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

9,872

 

 

$

10.50

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(5,933

)

 

$

10.50

 

 

 

 

 

 

 

 

Forfeited (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(3,939

)

 

 

11

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

-

 

 

$

-

 

 

 

 

 

 

-

 

Vested and exercisable at September 30, 2020

 

 

-

 

 

$

-

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Forfeitures are accounted for in the period they occur

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2008 Stock Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity

Option activity for the period indicated is summarized as follows:

 

 

 

2008 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

898,572

 

 

$

-

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(40,500

)

 

$

11.93

 

 

$

-

 

 

 

 

 

Forfeited

 

 

(1,400

)

 

$

15.89

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

856,672

 

 

$

13.45

 

 

$

-

 

 

 

3.72

 

Vested and exercisable at September 30, 2020

 

 

826,107

 

 

$

13.42

 

 

$

-

 

 

 

3.61

 

 

2017 Stock Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity

Option activity for the period indicated is summarized as follows:

 

 

 

2017 Stock Plan

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2020

 

 

199,447

 

 

$

17.53

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(1,733

)

 

$

15.00

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

197,714

 

 

$

17.55

 

 

$

-

 

 

 

6.96

 

Vested and exercisable at September 30, 2020

 

 

100,512

 

 

$

16.98

 

 

$

-

 

 

 

6.84