Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation and Other Benefit Plans (Tables)

v3.23.1
Share-Based Compensation and Other Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
The table below summarizes activity for the three months ended March 31, 2023 with respect to awarded RSUs:
Time-Vested
Restricted Stock
Units		 Weighted-Average
Grant Date
Fair Value
Balance at January 1, 2023
 149,871  $ 17.51 
Granted 9,078  $ 38.68 
Vested (43,015) $ 4.72 
Forfeited (1,176) $ 42.81 
Balance at March 31, 2023
 114,758  $ 23.72 
The table below summarizes activity for the three months ended March 31, 2023 with respect to awarded PRSUs:
Performance Restricted Stock
Units		 Weighted-Average
Grant Date
Fair Value
Balance at January 1, 2023
 440,100  $ 29.87 
Granted —  $ — 
Vested —  $ — 
Forfeited (1,177) $ 58.87 
Balance at March 31, 2023
 438,923  $ 29.87 
Schedule of Valuation Assumptions The table below presents ranges for the assumptions used in the Monte Carlo model for the PRSUs granted in the following periods:
2022
2021 1
2020 1
2019
Expected volatility
134.98% to 138.75%
131.74% to 134.74%
101.32% to 117.71%
 49.9  %
Dividend yield 0.0  % 0.0  % 0.0  % 0.0  %
Risk-free interest rate 2.59  %
0.22% to 0.29%
0.18% to 0.51%
 1.66  %
Performance period 2022-2024 2021-2023 2020-2022 2020-2022
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1    One executive officer’s inducement award originally granted in August 2020 was amended in April 2021 to conform vesting conditions to other PRSU awards granted in 2021. The Monte Carlo assumptions for both years are included above.