Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation - Time-based vesting (Details)

v3.19.2
Stock-Based Compensation - Time-based vesting (Details) - shares
 1 Months Ended 6 Months Ended
Mar. 05, 2019
Apr. 15, 2019
Jun. 30, 2019
LTIP Units outstanding as of June 30, 2019     796,000
Long Tem Incentives Plan Units [Member]      
LTIP units granted 28 3  
Long Tem Incentives Plan Units [Member] | Equity Incentive Plan 2016 [Member]      
LTIP units outstanding as of December 31, 2018     588,000
LTIP units redeemed in cash or forfeited [1]     (4,000)
LTIP Units outstanding as of June 30, 2019     796,000
Long Tem Incentives Plan Units [Member] | 2018 Performance Program [Member]      
LTIP units granted [2]     108,000
Long Tem Incentives Plan Units [Member] | Discretionary [Member]      
LTIP units granted [3]     28,000
Long Tem Incentives Plan Units [Member] | 2019 Time Based [Member]      
LTIP units granted [4]     54,000
Long Tem Incentives Plan Units [Member] | Independent directors [Member]      
LTIP units granted [5]     22,000
[1] The decrease of four LTIP Units net represents 6 LTIP Units redeemed for the Company’s common stock with a value of $57 and one LTIP Unit that was forfeited, partially offset by three LTIP Units that were granted on March 15, 2019 related to a new hire. These three LTIP Units vest in equal one-third increments on each of March 15, 2020, March 15, 2021, and March 5, 2022.
[2] The 108 LTIP Units represents earned and granted units from the previously disclosed 2018 annual awards (the “Annual Awards”). On March 5, 2019 the Compensation Committee of the Board (the “Compensation Committee”) determined the extent to which the Company achieved the performance goals related to the 2018 Annual Awards and determined the number of LTIP Units that each grantee was entitled to receive. These grants vested 50% on March 5, 2019, the determination date, and 50% vest on March 5, 2020.
[3] The 28 LTIP Units represents a discretionary grant by the Board. These grants vested 50% on March 5, 2019, the grant date, and 50% vest on March 5, 2020.
[4] The 54 LTIP Units represent grants approved by the Board on March 5, 2019 pursuant to the Company' 2019 Long-Term Incentive Plan. These grants are valued based on the Company’s share price at the date of grant of $10.07 and vest in equal one-third increments on each of March 5, 2020, March 5, 2021, and March 5, 2022.The 22 LTIP Units represent a grant to the independent directors of the Board made on May 29, 2019, which vest on May 29, 2020.
[5] The 22 LTIP Units represent a grant to the independent directors of the Board made on May 29, 2019, which vest on May 29, 2020.