Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Stock-Based Compensation [Abstract]  
Schedule of Share-based Payment Award, Performance Stock Units, Monte Carlo Simulation Valuation Assumptions
Expected dividend yield —  %
Risk-free interest rate 1.24  %
Expected volatility 44.00  %
Expected term (in years) 2.96
Stock price $ 10.41 
Schedule of Nonvested Restricted Stock and Performance Stock Unit Activity
The following table summarizes the activity for the Company’s restricted stock units and performance stock units for the three months ended March 31, 2022:
Restricted Stock Units Performance Stock Units
Number of
Units
Weighted Average Grant Date Fair Value (per share) Number of
Units
Weighted Average Grant Date Fair Value (per share)
Nonvested as of December 31, 2021 2,507,421  $ 15.68  1,117,555  $ 16.91 
Granted 2,645,758  $ 10.29  245,380  $ 8.95 
Vested (1,316,703) $ 15.67  (496,442) $ 15.41 
Forfeited (268,567) $ 14.96  (14,664) $ 12.08 
Nonvested as of March 31, 2022 3,567,909  $ 11.74  851,829  $ 15.50 
Schedule of Nonvested Performance-based Units Activity
The following table summarizes the activity for the Company’s restricted stock units and performance stock units for the three months ended March 31, 2022:
Restricted Stock Units Performance Stock Units
Number of
Units
Weighted Average Grant Date Fair Value (per share) Number of
Units
Weighted Average Grant Date Fair Value (per share)
Nonvested as of December 31, 2021 2,507,421  $ 15.68  1,117,555  $ 16.91 
Granted 2,645,758  $ 10.29  245,380  $ 8.95 
Vested (1,316,703) $ 15.67  (496,442) $ 15.41 
Forfeited (268,567) $ 14.96  (14,664) $ 12.08 
Nonvested as of March 31, 2022 3,567,909  $ 11.74  851,829  $ 15.50