Options Granted During the Three Months Ended March 31, 2020



Number of options

125

Option vesting period

4 Years

Grant price

$11.84

Dividend yield

0.84%

Expected volatility (a)

40.9%

Risk-free interest rate

0.65%

Expected life (years) (b)

6.25

Weighted average fair value

$4.35



(a)

Expected volatility is based upon the Company’s historical volatility.

(b)

The expected term was determined based upon the underlying terms of the awards and the category and employment history of employee award recipient.