Annual report [Section 13 and 15(d), not S-K Item 405]

SHARE-BASED COMPENSATION (Tables)

v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
Summary of activity related to RSUs

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​

​

​

​

​

​

​

​

​

​

Weighted

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  ​ ​ ​

​

  ​ ​ ​

Average

​

​

​

​

​

Grant Date

​

​

Restricted

​

Fair Value

​

​

Stock Units

​

per Unit

Nonvested, beginning of period

​

3,507,048

​

$

2.93

Granted

 

4,400,655

​

​

1.48

Vested

 

(1,865,127)

​

​

3.15

Forfeited

 

(140,949)

​

​

2.25

Nonvested, end of period

 

5,901,627

​

$

1.80

​

​

​

​

​

​

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

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​

​

​

​

​

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​

​

​

Year Ended December 31, 

​

​

2024

​

2023

Expected term for performance period (in years)

​

2.4

​

​

2.6

​

Expected volatility

​

65.0

%

​

76.1

%

Risk-free interest rate

​

3.9

%

​

4.2

%

​

​

​

​

​

​

​

​

​

​

May 16,

​

December 31,

​

​

2025

​

2025

Expected term for performance period (in years)

​

2.6

​

​

2.0

​

Expected volatility

​

56.0

%

​

58.7

%

Risk-free interest rate

​

3.9

%

​

3.4

%

Summary of activity related to PSUs

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​

​

​

​

​

​

​

​

​

​

Weighted

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  ​ ​ ​

​

  ​ ​ ​

Average

​

​

​

​

​

Grant Date

​

​

Performance

​

Fair Value

​

​

Share Units

​

per Unit

Nonvested, beginning of period

​

2,463,397

​

$

3.48

Forfeited

 

(37,013)

​

​

4.83

Nonvested, end of period

 

2,426,384

​

$

3.46

​

​

​

​

​

​

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, 

​

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Accounted for as equity awards:

​

​

  ​

​

​

  ​

​

​

  ​

Restricted stock units

​

$

6,492

​

$

4,433

​

$

4,477

Performance share units

​

​

3,600

​

​

5,759

​

​

5,836

Accounted for as liability awards

​

​

2,134

​

​

—

​

​

—

Restricted shares

​

 

—

​

 

—

​

 

70

Total

​

$

12,226

​

$

10,192

​

$

10,383

​