Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.10.0.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the years ended December 31 follows:

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

Options

 

 

Weighted

average

exercise

price

 

 

Options

 

 

Weighted

average

exercise

price

 

 

Options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year:

 

 

94,606

 

 

$

52.24

 

 

 

95,706

 

 

$

52.08

 

 

 

95,706

 

 

$

52.08

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(71,606

)

 

 

43.68

 

 

 

(1,100

)

 

 

39.00

 

 

 

 

 

 

 

Adjusted / (forfeited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 

 

23,000

 

 

$

78.87

 

 

 

94,606

 

 

$

52.24

 

 

 

95,706

 

 

$

52.08

 

Exercisable at end of year

 

 

23,000

 

 

$

78.87

 

 

 

93,106

 

 

$

51.85

 

 

 

92,706

 

 

$

51.31

 

 

Stock Options Outstanding

A summary of the Company’s stock options outstanding at December 31, 2018 follows:

 

 

 

Outstanding

 

 

Exercisable

 

Exercise Price Range

 

Options

 

 

Weighted

average

exercise

price

 

 

Options

 

 

Weighted

average

exercise

price

 

$49.42 – 69.99

 

 

5,500

 

 

$

56.87

 

 

 

5,500

 

 

$

56.87

 

$70.00 – 91.58

 

 

17,500

 

 

$

85.78

 

 

 

17,500

 

 

$

85.78

 

Total

 

 

23,000

 

 

$

78.87

 

 

 

23,000

 

 

$

78.87

 

Intrinsic value of outstanding stock options at December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

$

324,840

 

Intrinsic value of exercisable stock options at December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

$

324,840

 

 

Status of Unvested Shares of Stock Issued to Employees and Directors

A summary of the status of unvested shares of stock issued to employees and directors as of and during the years ended December 31 follows:

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

Non-vested

Shares

 

 

Weighted

average

grant date

fair value

 

 

Non-vested

Shares

 

 

Weighted

average

grant date

fair value

 

 

Non-vested

Shares

 

 

Weighted

average

grant date

fair value

 

Unvested at beginning of year:

 

 

170,809

 

 

$

71.75

 

 

 

258,163

 

 

$

58.89

 

 

 

305,520

 

 

$

59.09

 

Granted

 

 

31,879

 

 

 

95.32

 

 

 

51,276

 

 

 

85.17

 

 

 

23,405

 

 

 

89.30

 

Vested

 

 

(67,753

)

 

 

69.27

 

 

 

(96,615

)

 

 

58.95

 

 

 

(70,762

)

 

 

69.82

 

Forfeited

 

 

(38,266

)

 

 

49.00

 

 

 

(42,015

)

 

 

38.53

 

 

 

 

 

 

 

Unvested at end of year

 

 

96,669

 

 

$

90.28

 

 

 

170,809

 

 

$

71.75

 

 

 

258,163

 

 

$

58.89