Share Options And Awards (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Summary Of Option Activity

Following is a summary of the option activity for the three years ended December 31, 2019:

	Shares Under Option		Weighted Average Exercise Price
Outstanding, January 1, 2017	934,201		$	22.85
Forfeited or expired	(4,042	)	43.37
Exercised	(101,805	)	16.11
Outstanding, December 31, 2017	828,354		23.58
Forfeited or expired	(196,159	)	32.22
Exercised	(352,318	)	19.78
Outstanding, December 31, 2018	279,877		22.30
Forfeited or expired	(1,136	)	11.85
Exercised	(71,325	)	17.98
Outstanding, December 31, 2019	207,416		$	23.84

Share Options Outstanding And Exercisable

The following table summarizes information about share options outstanding and exercisable at December 31, 2019:

Range of Exercise Prices	Outstanding					Exercisable
	Number	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Aggregate Intrinsic Value (000’s)	Number	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Aggregate Intrinsic Value (000’s)
$22.68 - $24.87	207,416	0.8 years	$	23.84	1,535	207,416	0.8 years	$	23.84	1,535

Fair Value Of Market-Based Share Awards Assumptions

The fair value of the market-based share awards was estimated on the date of grant using a Monte Carlo valuation model based on the following assumptions:

	Year Ended December 31, 2019
	Minimum		Maximum
Dividend yield	0.0	%	5.5	%
Expected volatility (1)	19.3	%	21.3	%
Expected life (in years)	N/A		3
Risk-free interest rate	2.4	%	2.6	%

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(1)

Includes the volatility of the FTSE NAREIT U.S. Shopping Center Index and Weingarten Realty Investors.

Summary Of The Status Of Unvested Share Awards

A summary of the status of unvested share awards for the year ended December 31, 2019 is as follows:

	Unvested Share Awards		Weighted Average  Grant Date Fair  Value
Outstanding, January 1, 2019	674,293		$	30.26
Granted:
Service-based awards	179,825		28.61
Market-based awards relative to FTSE NAREIT U.S. Shopping Center Index	80,848		30.20
Market-based awards relative to three-year absolute TSR	80,847		32.91
Trust manager awards	27,768		29.17
Vested	(236,716	)	32.13
Forfeited	(5,519	)	29.86
Outstanding, December 31, 2019	801,346		$	29.56