Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Nonvested Restricted Stock Shares Activity

The following table summarizes the Company’s unvested restricted stock activity for the three months ended March 31, 2020:

	Number of Shares	Grant Date Fair Value per Share (1)
Outstanding at December 31, 2019	268,205	$	—
Vested	—	—
Forfeited	—	—
Outstanding at March 31, 2020	268,205	$	—

(1) Prior to the IPO and Corporate Reorganization, Liberty Oilfield Services Holdings LLC (“Liberty Holdings”) issued Class B units of Liberty Holdings (“Legacy Units”). The Legacy Units were determined to have a de minimis grant-date fair value based on their assigned benchmark values. In connection with the Corporate Reorganization, the unvested Legacy Units were exchanged for 1,258,514 shares of restricted stock with the same terms and requisite vesting conditions. The shares of restricted stock retain the grant date fair value of the Legacy Units.

Schedule of Nonvested Restricted Stock Units Activity

Changes in non-vested RSUs outstanding under the LTIP during the three months ended March 31, 2020 were as follows:

	Number of Units	Weighted Average Grant Date Fair Value per Unit
Non-vested as of December 31, 2019	1,734,535	$	16.97
Granted	541,915	9.70
Vested	(34,963)	13.50
Forfeited	(5,110)	16.59
Outstanding at March 31, 2020	2,236,377	$	15.26

Schedule Of Performance Restricted Stock Units Activity

Changes in non-vested PSUs outstanding under the LTIP during the three months ended March 31, 2020 were as follows:

	Number of Units	Weighted Average Grant Date Fair Value per Unit
Non-vested as of December 31, 2019	329,277	$	14.93
Granted	392,948	9.62
Vested	—	—
Forfeited	—	—
Outstanding at March 31, 2020	722,225	$	12.04