Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Compensation Activity
The following table presents a summary of the Company’s nonvested PSUs and RSUs as of December 31, 2022 and 2021 and changes during the years then ended:

Year Ended December 31,
2022 2021
Awards Weighted Average Grant Date Fair Value Awards Weighted Average Grant Date Fair Value
(in thousands, except fair value amounts)
Outstanding, beginning of the year 768  $ 9.43  —  $ — 
Granted 1,135  8.48  886  9.45 
Vested (278) 9.19  (118) 9.55 
Forfeited —  —  —  — 
Outstanding, end of the year 1,625  $ 8.82  768  $ 9.43 
Schedule of Stock Option Activity
The following table presents a summary of the Company’s stock options activity for the year ended December 31, 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 December 31, 2022(1)
684  $ 8.82  8.06 $ — 
Options exercisable at December 31, 2022
—  $ —  —  $ — 
(1)    As of December 31, 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
The following table presents a summary of the Company’s outstanding RSUs and PSUs, assuming the current estimated level of performance achievement (in thousands, except years):

December 31, 2022
(in thousands, except years)
Unvested units 1,625 
Remaining cost on unvested units $ 3,775 
Remaining vesting period 4.00 years