The following table summarizes activity for restricted stock units may be settled in common stock (“RSU Equity Awards”) for the three and six months ended June 30, 2020 and 2019:
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Three Months Ended June 30, |
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2020 |
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2019 |
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RSU Equity Awards (in thousands) |
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Weighted Average Grant Date Fair Value |
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RSU Equity Awards (in thousands) |
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Weighted Average Grant Date Fair Value |
Unvested, beginning of the period |
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4,851 |
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$6.95 |
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3,406 |
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$11.14 |
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Granted (1)
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3,257 |
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$1.26 |
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171 |
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$7.87 |
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Vested (2)
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(900) |
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$10.06 |
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(458) |
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$12.51 |
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Forfeited |
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— |
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$— |
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(64) |
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$11.43 |
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Unvested, end of the period |
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7,208 |
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$3.99 |
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3,055 |
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$10.75 |
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Six Months Ended June 30, |
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2020 |
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2019 |
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RSU Equity Awards (in thousands) |
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Weighted Average Grant Date Fair Value |
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RSU Equity Awards (in thousands) |
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Weighted Average Grant Date Fair Value |
Unvested, beginning of the period |
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2,695 |
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$10.25 |
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2,103 |
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$13.24 |
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Granted (1)
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5,575 |
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$2.12 |
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1,881 |
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$8.60 |
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Vested (2)
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(1,062) |
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$10.02 |
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(791) |
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$12.23 |
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Forfeited |
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— |
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$— |
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(138) |
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$10.82 |
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Unvested, end of the period |
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7,208 |
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$3.99 |
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3,055 |
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$10.75 |
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(1)Includes 0.3 million and zero target performance-based RSU Equity Awards during the three months ended June 30, 2020 and 2019, respectively, and 1.1 million and 0.4 million during the six months ended June 30, 2020 and 2019, respectively. The awards granted during the six months ended June 30, 2020 and 2019 will vest at a range of 0% to 300% and 0% to 200%, respectively.
(2)The fair value of shares vested was $0.6 million and $3.4 million during the three months ended June 30, 2020 and 2019, respectively, and $1.3 million and $6.0 million for the six months ended June 30, 2020 and 2019, respectively.
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