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SEC Filings

10-Q
JONES LANG LASALLE INC filed this Form 10-Q on 11/06/2017
Entire Document
 

6.
STOCK-BASED COMPENSATION
Restricted Stock Unit Awards
Along with cash-based salaries and performance-based annual cash incentive awards, restricted stock unit awards represent an important element of compensation to our employees. Restricted stock unit activity is presented in the following tables.
 
Shares (thousands)
 
Weighted Average
Grant Date
Fair Value
Weighted Average
Remaining
Contractual Life
(in years)
Unvested as of June 30, 2017
775.9

 
$
117.74

1.61
Granted
5.1

 
115.47

 
Vested
(70.9
)
 
112.64

 
Forfeited
(0.8
)
 
130.32

 
Unvested as of September 30, 2017
709.3

 
$
118.22

1.43
Unvested shares expected to vest as of September 30, 2017
709.3

 
$
118.22

1.43
 
 
 
 
 
Unvested as of June 30, 2016
817.3

 
$
112.58

2.00
Granted
27.0

 
112.75

 
Vested
(96.2
)
 
101.71

 
Forfeited
(2.4
)
 
107.79

 
Unvested as of September 30, 2016
745.7

 
$
114.00

1.91
Unvested shares expected to vest as of September 30, 2016
726.0

 
$
114.10

1.92
 
Shares (thousands)
 
Weighted Average
Grant Date
Fair Value
Weighted Average
Remaining
Contractual Life
(in years)
Unvested as of December 31, 2016
750.9

 
$
113.97

1.71
Granted
157.0

 
116.50

 
Vested
(177.3
)
 
99.24

 
Forfeited
(21.3
)
 
113.18

 
Unvested as of September 30, 2017
709.3

 
$
118.22

1.43
Unvested shares expected to vest as of September 30, 2017
709.3

 
$
118.22

1.43
 
 
 
 
 
Unvested as of December 31, 2015
706.0

 
$
111.78

2.03
Granted
277.6

 
107.96

 
Vested
(190.8
)
 
96.51

 
Forfeited
(47.1
)
 
116.07

 
Unvested as of September 30, 2016
745.7

 
$
114.00

1.91
Unvested shares expected to vest as of September 30, 2016
726.0

 
$
114.10

1.92
We determine the fair value of restricted stock units based on the closing market price of the Company's common stock on the grant date. As of September 30, 2017, we had $25.1 million of unamortized deferred compensation related to unvested restricted stock units, which we anticipate recognizing over varying periods into 2020.

17


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