Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Compensation Expense
The following table presents a summary of the Company’s nonvested PSUs and RSUs for the nine months ended September 30, 2022:

Awards Weighted Average Grant Date Fair Value
(in thousands)
Nonvested, at December 31, 2021
 768  $ 9.43 
Granted 1,136  8.48 
Vested (278) 9.19 
Forfeited —  — 
Nonvested, at September 30, 2022
 1,626  $ 8.82 
Schedule of Stock Option Activity
The following table presents a summary of the Company’s stock options activity for the nine months ended September 30, 2022:

Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term Aggregate Intrinsic Value
(in thousands) (in years) (in thousands)
Options outstanding at December 31, 2021
 —  $ — 
Granted 744  8.82 
Exercised —  — 
Forfeited (60) 8.83 
Options outstanding at September 30, 2022(1)
684  $ 8.82  9.46 $ — 
Options exercisable at September 30, 2022
 —  $ —  —  $ — 
(1)    As of September 30, 2022, the stock options were out-of-the-money, as the exercise price of the stock options exceeded the average market price of the Company’s common stock.
Share-based Payment Arrangement, Performance Shares, Activity summary of the Company’s outstanding RSUs and PSUs, assuming the current estimated level of performance achievement (in thousands, except years):
September 30, 2022
(in thousands, except period)
Unvested units 1,626 
Remaining cost on unvested units $ 4,415 
Remaining vesting period 4.25 years