Equity-Based Compensation (Notes)

6 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Shareholders' Equity and Share-based Payments [Text Block]

9. Equity-Based Compensation

Our general partner's board of directors adopted the Western Refining Logistics, LP 2013 Long-Term Incentive Plan (the "LTIP") in connection with the completion of the Offering. The LTIP is for the benefit of employees, consultants and non‑employee directors of our general partner and its affiliates. Awards granted under the LTIP vest over a scheduled vesting period and their market value at the date of the grant is amortized over the restricted period on a straight-line basis.

As of June 30, 2014, there were 4,251,947 common units reserved for future grants under the LTIP. We incurred unit‑based compensation expense of $0.4 million and $0.6 million for the three and six months ended June 30, 2014, respectively.

The fair value at grant date of nonvested phantom units outstanding as of June 30, 2014, was $7.0 million. Total unrecognized compensation cost related to our nonvested phantom units totaled $6.3 million as of June 30, 2014, that we expect to recognize over a weighted-average period of approximately 4.70 years.

A summary of our unit award activity for the three and six months ended June 30, 2014, is set forth below:

	Number of Phantom Units	Weighted Average Grant Date Fair Value
Nonvested at December 31, 2013	10,908	$	22.00
Awards granted	200,975	27.60
Awards vested	—	—
Awards forfeited	—	—
Nonvested at March 31, 2014	211,883	27.31
Awards granted	36,170	32.30
Awards vested	—	—
Awards forfeited	—	—
Nonvested at June 30, 2014	248,053	28.04