Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Activity Related to Incentive Equity Awards
The activity related to incentive equity awards (in the form of time-vesting restricted stock units (“RSUs”) and performance-vesting restricted stock units (“PSUs”)) granted by Wyndham Worldwide to Wyndham Hotels employees for the three months ended March 31, 2018 consisted of the following:
 
RSUs
 
PSUs
 
Number of
RSUs
 
Weighted
Average
Grant Price
 
Number
of
PSUs
 
Weighted
Average
Grant Price
Balance as of December 31, 2017
0.3

 
$
79.96

 
0.1

 
$
81.05

Granted(a)
0.1

 
115.61

 
—

 
—

Vested/exercised
(0.1
)
 
78.55

 
—

 
—

Balance as of March 31, 2018
0.3

(b)(c) 
$
87.63

 
0.1

(d) 
$
77.08


(a)
Primarily represents awards granted by Wyndham Worldwide on March 1, 2018.
(b)
Aggregate unrecognized compensation expense related to RSUs was $21 million as of March 31, 2018, which is expected to be recognized over a weighted average period of 2.8 years.
(c)
Approximately 0.3 million RSUs outstanding as of March 31, 2018 are expected to vest over time.
(d)
Maximum aggregate unrecognized compensation expense related to PSUs was $2 million as of March 31, 2018, which is expected to be recognized over a weighted average period of 1.6 years.