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]  
Summary of Activity Related to RSUs and RSAs
A summary of activity and weighted average fair values related to the RSUs is as follows:
Shares Weighted Average Grant Date
Fair Value (per share)
Weighted Average
Remaining
Contractual Term
(in years)
Outstanding at December 31, 2021 484,744  $ 13.46  1.02
Granted 1,742,191  5.42 
Vested (217,734) 12.96 
Forfeited (470,442) 4.58 
Outstanding and nonvested at December 31, 2022 1,538,759  $ 6.65  0.71
A summary of activity and weighted average fair values related to the RSAs is as follows:
Shares Weighted Average Grant Date
Fair Value (per share)
Weighted Average
Remaining
Contractual Term
(in years)
Outstanding at December 31, 2021 117,801  $ 9.76  0.98
Granted 82,615  6.96 
Vested (68,946) 8.34 
Outstanding and nonvested at December 31, 2022 131,470  $ 8.75  1.19
The weighted average grant date fair value per share of RSAs granted during the year was $6.96 in 2022, $11.77 in 2021, and $8.34 for the period from June 26, 2020 through December 31, 2020.
The aggregate fair value of RSAs upon vesting during the year ended December 31, 2022 was $0.5 million. No RSAs vested during the year ended 2021 or the period from June 26, 2020 to December 31, 2020.
A summary of activity and weighted average fair values related to the PSUs is as follows:
Shares Weighted Average Grant Date
Fair Value (per share)
Weighted Average
Remaining
Contractual Term
(in years)
Outstanding at December 31, 2021 282,141  $ 13.65  2.21
Granted 572,845  7.19 
Forfeited (223,609) 6.04 
Outstanding and nonvested at December 31, 2022 631,377  $ 8.49  1.88
Schedule of Unrecognized Compensation Cost on Nonvested Awards
As of December 31, 2022, the Company had not yet recognized compensation cost on nonvested awards as follows (in thousands):
Unrecognized
Compensation Cost
Weighted Avg.
Remaining
Recognition Period
(in years)
Nonvested awards $ 6,507  1.06 years