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

Weighted

    

    

Average

Grant Date

Restricted

Fair Value

Stock Units

per Unit

Nonvested, beginning of period

1,221,461

$

5.76

Granted

 

1,813,522

 

4.06

Vested

 

(492,453)

 

5.62

Forfeited

 

(134,334)

 

5.50

Nonvested, end of period

 

2,408,196

4.52

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:

Expected term for performance period (in years)

2.6

Expected volatility

76.1

%

Risk-free interest rate

4.2

%

Summary of activity related to PSUs

Weighted

    

    

Average

Grant Date

Performance

Fair Value

Share Units

per Unit

Nonvested, beginning of period

1,502,239

$

9.78

Granted

 

1,293,113

 

4.85

Vested

 

(151,812)

 

5.78

Forfeited

 

(244,821)

 

9.76

Nonvested, end of period

 

2,398,719

7.38

Summary of activity related to RSAs

Weighted

Average

Grant Date

    

Restricted

    

Fair Value

Shares

per Share

Nonvested, beginning of period

42,426

$

4.95

Granted

Vested

 

(42,426)

 

4.95

Nonvested, end of period

 

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):

Year Ended December 31, 

    

2023

    

2022

    

2021

Restricted stock units

$

4,477

$

4,192

$

2,579

Performance share units

5,836

3,504

412

Restricted shares

 

70

 

226

 

373

Total

$

10,383

$

7,922

$

3,364