Print Page  |  Close Window

SEC Filings

10-K
CHIPOTLE MEXICAN GRILL INC filed this Form 10-K on 02/08/2018
Entire Document
 << Previous Page | Next Page >>

The following table sets forth stock-based compensation expense, including SOSARs and stock awards:





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2017

 

2016

 

2015

Stock-based compensation expense

$

66,396 

 

$

65,112 

 

$

59,465 

Stock-based compensation expense, net of tax

$

40,370 

 

$

35,974 

 

$

36,666 

Stock-based compensation expense recognized as capitalized development

$

1,141 

 

$

946 

 

$

1,554 

Excess tax benefit on stock-based compensation recognized in provision for income taxes

$

448 

 

$

 -

 

$

 -



The tables below summarize the SOSAR activity under the stock incentive plans (in thousands, except years and per share data):



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



2017

 

2016

 

2015



Shares

 

Weighted-Average Exercise Price Per Share

 

Shares

 

Weighted-Average Exercise Price Per Share

 

Shares

 

Weighted-Average Exercise Price Per Share

Outstanding, beginning of year

1,917 

 

$

490.06 

 

1,694 

 

$

490.70 

 

2,087 

 

$

395.46 

Granted

304 

 

$

426.70 

 

460 

 

$

457.77 

 

379 

 

$

659.12 

Exercised

(35)

 

$

307.83 

 

(124)

 

$

315.87 

 

(716)

 

$

297.25 

Forfeited or cancelled

(187)

 

$

527.53 

 

(113)

 

$

559.25 

 

(56)

 

$

554.73 

Outstanding, end of year

1,999 

 

$

480.09 

 

1,917 

 

$

490.06 

 

1,694 

 

$

490.70 







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



Shares

 

Weighted-Average Exercise Price Per Share

 

Weighted-Average Remaining Years of Contractual Life

 

Aggregate Intrinsic Value

Outstanding as of December 31, 2017

1,999 

 

$

480.09 

 

3.7 

 

$

209 

Vested and expected to vest as of December 31, 2017

1,957 

 

$

480.77 

 

3.7 

 

$

209 

Exercisable as of December 31, 2017

1,130 

 

$

474.20 

 

2.7 

 

$

209 



In the past, we have granted SOSARs that included performance conditions. As of December 31, 2017, 278 outstanding SOSARs that included performance conditions were determined to have met the performance conditions. For the remaining 110 outstanding SOSARs that included performance conditions, the financial targets underlying the performance conditions had been satisfied as of December 31, 2017, and vesting of the awards was pending confirmation by the Compensation Committee that the performance conditions were met. The total intrinsic value of options and SOSARs exercised during the years ended December 31, 2017, 2016 and 2015 was $4,296, $15,946 and $260,466. Unearned compensation as of December 31, 2017 was $21,998 for SOSAR awards, and is expected to be recognized over a weighted average period of 1.4 years.

55

 


 

 << Previous Page | Next Page >>