Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.24.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
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, 2022 1,538,759  $ 6.65  0.71
Granted 3,023,061  2.55 
Vested (1,224,235) 6.25 
Forfeited (1,220,914) 2.97 
Outstanding and nonvested at December 31, 2023 2,116,671  $ 3.19  1.12
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, 2022 131,470  $ 8.75  1.19
Granted 141,280  4.07 
Vested (58,194) 11.00 
Outstanding and nonvested at December 31, 2023 214,556  $ 5.06  1.16
The weighted average grant date fair value per share of RSAs granted during the year was $4.07 in 2023, $6.96 in 2022, and $11.77 in 2021.
The aggregate fair value of RSAs upon vesting during the years ended December 31, 2023 and 2022 was $0.2 million and $0.5 million, respectively. No RSAs vested during the year ended December 31, 2021.
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, 2022 631,377  $ 8.49  1.88
Granted 1,934,388  2.20 
Forfeited (1,035,405) 3.06 
Outstanding and nonvested at December 31, 2023 1,530,360  $ 4.21  1.81
Schedule of Unrecognized Compensation Cost on Nonvested Awards
As of December 31, 2023, 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 $ 7,243  1.39