Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.24.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Summary of activity related to RSUs

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Weighted

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Average

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Grant Date

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Restricted

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Fair Value

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​

Stock Units

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per Unit

Nonvested, beginning of period

​

1,221,461

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$

5.76

Granted

 

1,813,522

​

 

4.06

Vested

 

(492,453)

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5.62

Forfeited

 

(134,334)

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5.50

Nonvested, end of period

 

2,408,196

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​

4.52

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​

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​

Summary of the assumptions used to calculate the grant date fair value of the PSUs granted

The following table summarizes the assumptions used to calculate the grant date fair value of the PSUs granted during 2023:

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Expected term for performance period (in years)

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2.6

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Expected volatility

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​

76.1

%

Risk-free interest rate

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​

4.2

%

Summary of activity related to PSUs

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Weighted

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Average

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​

Grant Date

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Performance

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Fair Value

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​

Share Units

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per Unit

Nonvested, beginning of period

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1,502,239

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$

9.78

Granted

 

1,293,113

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4.85

Vested

 

(151,812)

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5.78

Forfeited

 

(244,821)

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9.76

Nonvested, end of period

 

2,398,719

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​

7.38

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Summary of activity related to RSAs

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Weighted

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Average

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Grant Date

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Restricted

    

Fair Value

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​

Shares

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per Share

Nonvested, beginning of period

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42,426

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$

4.95

Granted

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—

​

​

—

Vested

 

(42,426)

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4.95

Nonvested, end of period

 

—

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​

—

Schedule of share based compensation expense

The following table presents the compensation expenses included in General and administrative expenses in the Consolidated Statements of Operations (in thousands):

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Year Ended December 31, 

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2023

    

2022

    

2021

Restricted stock units

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$

4,477

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$

4,192

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$

2,579

Performance share units

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​

5,836

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​

3,504

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​

412

Restricted shares

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70

​

 

226

​

 

373

Total

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$

10,383

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$

7,922

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$

3,364