Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.8.0.1
Stock-Based Compensation and Other Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Assumptions Used to Calculated Fair Value Utilizing Black-Scholes Pricing Model

The fair values of the stock options granted for the three months ended March 31, 2018 were determined utilizing the Black-Scholes pricing model methodology. A summary of assumptions used to calculate the fair values of the 2017 Stock Plan awards is presented below:

 

 

 

2017 Stock Plan

 

 

 

Three Months Ended

 

 

 

March 31, 2018

 

Expected volatility

 

 

20

%

Expected dividend yield

 

 

0.0

%

Expected term (years)

 

7.5

 

Risk-free interest rate

 

2.36 - 2.46%

 

Weighted average grant date fair value

 

$

4.36

 

 

2008 Warrants  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Warrant Activity

Warrant activity for the period indicated is summarized as follows:

 

 

 

Spirit of Texas Bancshares, Inc. 2008 Warrants

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Outstanding at January 1, 2018

 

 

105,000

 

 

$

10.00

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(15,000

)

 

 

10.00

 

 

$

68

 

 

 

 

 

Forfeited (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

90,000

 

 

$

10.00

 

 

$

405

 

 

 

0.63

 

Exercisable at March 31, 2018

 

 

90,000

 

 

$

10.00

 

 

$

405

 

 

 

0.63

 

Vested at March 31, 2018

 

 

90,000

 

 

$

10.00

 

 

$

405

 

 

 

0.63

 

 

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, 2018

 

 

1,415,350

 

 

$

12.59

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

$

 

 

 

 

 

Exercised

 

 

(191,428

)

 

 

10.63

 

 

$

741

 

 

 

 

 

Forfeited (1)

 

 

(11,875

)

 

 

13.33

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

1,212,047

 

 

$

12.89

 

 

$

1,951

 

 

 

5.43

 

Exercisable at March 31, 2018

 

 

936,397

 

 

$

12.51

 

 

$

1,863

 

 

 

4.85

 

Vested at March 31, 2018

 

 

936,397

 

 

$

12.51

 

 

$

1,863

 

 

 

4.85

 

 

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

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, 2018

 

 

127,927

 

 

$

15.00

 

 

 

 

 

 

 

 

 

Granted

 

 

4,850

 

 

 

15.00

 

 

$

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

132,777

 

 

$

15.00

 

 

$

 

 

 

8.96

 

Exercisable at March 31, 2018

 

 

75,600

 

 

$

15.00

 

 

$

 

 

 

8.90

 

Vested at March 31, 2018

 

 

75,600

 

 

$

15.00

 

 

$

 

 

 

8.90

 

 

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