Stockholders' Equity

9 Months Ended

Sep. 30, 2020

Stockholders’ Equity

Incentive Plans

The following table summarizes our compensation costs recognized in General and administrative expense (excluding depreciation) and Operating expense (excluding depreciation) under the Amended and Restated Par Pacific Holdings, Inc. 2012 Long-term Incentive Plan and Stock Purchase Plan (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Restricted Stock Awards	$	1,011	$	789	$	2,962	$	2,589
Restricted Stock Units	327		279		971		841
Stock Option Awards	439		380		1,253		1,103

During the three and nine months ended September 30, 2020, we granted 22 thousand and 310 thousand shares of restricted stock and restricted stock units with a fair value of approximately $0.2 million and $5.5 million, respectively. As of September 30, 2020, there were approximately $8.3 million of total unrecognized compensation costs related to restricted stock awards and restricted stock units, which are expected to be recognized on a straight-line basis over a weighted-average period of 1.8 years.

During the nine months ended September 30, 2020, we granted 279 thousand stock option awards with a weighted-average exercise price of $19.73 per share and no grants were made for the three months ended September 30, 2020. As of September 30, 2020, there were approximately $3.2 million of total unrecognized compensation costs related to stock option awards, which are expected to be recognized on a straight-line basis over a weighted-average period of 1.7 years.

During the nine months ended September 30, 2020, we granted 47 thousand performance restricted stock units to executive officers and no grants were made for the three months ended September 30, 2020. These performance restricted stock units had a fair value of approximately $0.9 million and are subject to certain annual performance targets based on three-year-performance periods as defined by our Board of Directors. As of September 30, 2020, there were approximately $1.2 million of total unrecognized compensation costs related to the performance restricted stock units, which are expected to be recognized on a straight-line basis over a weighted-average period of 1.9 years.