Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of Unvested RSU and PSU Award Activity

The table below summarizes RSU award activity for the six months ended June 30, 2020:

	Shares		Weighted-Average Grant Date Fair Value
Unvested RSUs at December 31, 2019	1,107,796		$	6.60
Granted	568,900		$	5.15
Vested	(530,738	)	$	6.53
Unvested RSUs at June 30, 2020	1,145,958		$	5.91

The table below summarizes performance unit (“PSU”) activity for the six months ended June 30, 2020:

	Shares	Weighted-Average Grant Date Fair Value
Unvested PSUs at December 31, 2019	835,625	$	10.51
Granted	1,043,800	$	5.36
Unvested PSUs at June 30, 2020	1,879,425	$	7.65

Schedule of Total Shareholder Return Goals

Between 0x to 2.0x of the Performance Units are eligible to be earned based on Earthstone achieving an annualized TSR based on the following pre-established goals:

Earthstone’s Annualized TSR	TSR Multiplier
23.9% or greater	2.0
14.5%	1.0
8.4%	0.5
Less than 8.4%	0.0