Stock-Based Compensation Share-based Compensation (Tables)

3 Months Ended

Jun. 30, 2020

The components of Legg Mason's total stock-based compensation expense were as follows:



	Three Months Ended June 30,
	2020		2019
Restricted stock and restricted stock units	$	7,054	$	17,634
Stock options	166		1,154
Affiliate management equity plans	23		1,623
Performance share units	169		3,011
Employee stock trust	9		8
Employee stock purchase plan	—		254
Non-employee director awards	—		150
Total stock-based compensation expense	$	7,421	$	23,834

Restricted stock and restricted stock unit transactions are summarized below:



	Three Months Ended June 30,
	2020				2019
	Number of Shares		Weighted-Average Grant Date Value		Number of Shares		Weighted-Average Grant Date Value
Unvested shares at March 31	2,760		$	36.43	3,045		$	37.76
Granted	—		—		1,196		35.50
Vested	(1,159	)	35.70		(1,199	)	38.86
Canceled/forfeited	(13	)	36.83		(30	)	35.79
Unvested shares at June 30	1,588		$	36.96	3,012		$	36.45

Stock option transactions under Legg Mason's equity incentive plans are summarized below:



	Three Months Ended June 30,
	2020				2019
	Number of Shares		Weighted-Average Exercise Price Per Share		Number of Shares		Weighted-Average Exercise Price Per Share
Options outstanding at March 31, 2020	2,518		$	41.41	4,115		$	39.05
Exercised	(1,285	)	35.26		(311	)	31.83
Canceled/forfeited	(12	)	39.65		(37	)	40.63
Options outstanding at June 30	1,221		$	47.90	3,767		$	39.63

LEGG MASON, INC. 10-Q