Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

A summary of the activity for RSUs at and for the nine months ended September 30, 2019 is presented below:



	Number of Units		Weighted-average Grant Date Fair Value Per Unit
Outstanding at December 31, 2018	406,575		$	17.33
Outstanding at December 31, 2018 as adjusted for conversion	206,580		34.11
Granted	533,267		41.51
Converted in the Merger⁽¹⁾	55,022		42.06
Acquired in the Merger	824,757		47.71
Forfeited/canceled	(20,648	)	41.64
Vested	(104,652	)	28.85
Outstanding at September 30, 2019	1,494,326		$	38.46

(1)

In connection with the Merger, certain Legacy TCF PRSUs were converted at their maximum payout into 55,022 TRSUs.

TCF's restricted stock award transactions were as follows:



	Number of Awards		Weighted-Average Grant Date Fair Value Per Award
Outstanding at December 31, 2018	2,289,446		$	16.70
Outstanding at December 31, 2018 as adjusted for conversion	1,163,232		32.87
Granted	269,915		40.82
Forfeited/canceled	(135,760	)	34.15
Vested	(368,291	)	31.07
Outstanding at September 30, 2019	929,096		$	40.47

A summary of activity for TCF's stock options at and for the nine months ended September 30, 2019 is presented below:



	Non-Vested Stock Options Outstanding				Stock Options Outstanding
	Number of Options		Weighted-average Exercise Price		Number of Options		Weighted- average Exercise Price
Outstanding at December 31, 2018	—		$	—	—		$	—
Acquired⁽¹⁾	127,906		39.38		520,379		29.48
Forfeited/canceled	(3,094	)	32.81		—		—
Expired	—		—		(756	)	32.81
Vested	(1,144	)	46.95		1,144		46.95
Outstanding at September 30, 2019	123,668		$	39.47	520,767		$	29.51
Exercisable/vested at September 30, 2019					520,767		$	29.51

(1)

Options acquired in the Merger expire ten years from the date of grant and vest ratably over a five-year period.