Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

LOS ANGELES — The man accused of stealing Frances McDormand's Oscar on Sunday night has been arrested, the Los Angeles Police Department confirmed to Variety.

The suspect, identified as Terry Bryant, was booked on felony grand theft, at 11:50 p.m. PT (2:50 a.m. ET) after taking the best actress statue from McDormand's table at the Governors Ball. His bail is set at $20,000, according to LAPD spokesperson Rosario Herrera.

Related: 'The Shape of Water' wins best picture at 90th Academy Awards

New York Times culture reporter Cara Buckley tweeted on Sunday night that the alleged thief was stopped by Wolfgang Puck's photographer (Puck caters the annual party). The Oscar was then returned to McDormand, who allegedly told security to let the man go.

Let our news meet your inbox. The news and stories that matters, delivered weekday mornings. This site is protected by recaptcha

"Security at the Governors Ball are looking for this guy, who grabbed Frances McDormand's Oscar and ran out with it," Buckley wrote. "Wolfgang Puck's photographer stopped him, got the Oscar back, and the guy disappeared back into the ball. Apparently Frances has said to let him go."

Security at the Governors Ball are looking for this guy, who grabbed Frances McDormand’s Oscar and ran out with it. Wolfgang Puck’s photographer stopped him, got the Oscar back, and the guy disappeared back into the ball. Apparently Frances has said to let him go. #Oscars #Drama pic.twitter.com/5tlsx4Ulwt — Cara Buckley (@caraNYT) March 5, 2018

The Governors Ball, held at the Ray Dolby Ballroom, is the official after-party for the Academy Awards.

McDormand's rep, Simon Halls, confirmed that the trophy was returned to its rightful owner.

Related: How Frances McDormand wants to spur change in Hollywood

"After a brief time apart, Frances and her Oscar were happily reunited last night," Halls said in an email. "They celebrated their reunion with a double cheeseburger from In-N-Out."

Bryant, 47, promoted his escape on his Facebook page, posting a video of himself with the trophy.

McDormand won the Oscar for her gripping performance as a grieving mother Mildred Hayes in "Three Billboards Outside Ebbing, Missouri."

McDormand had gotten her Oscar engraved right before the theft.