Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Stock-Based Compensation [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The Company used a Monte Carlo simulation to estimate the $12.28 weighted average fair value of the awards granted during the three months ended March 31, 2023, with the following weighted average assumptions:
Expected dividend yield —  %
Risk-free interest rate 3.80  %
Expected volatility 48.82  %
Expected term (in years) 2.96
Schedule of Nonvested Restricted Stock 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, 2023:
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, 2022 2,464,718  $ 11.73  639,532  (1) $ 16.32 
Granted 1,104,690  $ 9.85  703,440  $ 12.28 
Vested (821,901) $ 13.04  (200,204) $ 20.48 
Forfeited (160,316) $ 10.96  (183,864) $ 19.50 
Nonvested as of March 31, 2023 2,587,191  $ 10.55  958,904  (1) $ 11.87 
(1)    Based on target.
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, 2023:
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, 2022 2,464,718  $ 11.73  639,532  (1) $ 16.32 
Granted 1,104,690  $ 9.85  703,440  $ 12.28 
Vested (821,901) $ 13.04  (200,204) $ 20.48 
Forfeited (160,316) $ 10.96  (183,864) $ 19.50 
Nonvested as of March 31, 2023 2,587,191  $ 10.55  958,904  (1) $ 11.87 
(1)    Based on target.