| Share-based Compensation Options Activity |
The following table summarizes the activity of common stock options for the period from December 31, 2021 through the year ended December 31, 2024:
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Number of Options |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term (in years) |
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Aggregate Intrinsic Value
(in thousands) |
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| Outstanding at December 31, 2021 |
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1,884,351 |
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$ |
6.99 |
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(1) |
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| Exercised |
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(199,970) |
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$ |
3.06 |
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| Forfeited |
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(51,860) |
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$ |
3.98 |
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| Expired |
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(111,524) |
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$ |
11.97 |
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| Outstanding at December 31, 2022 |
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1,520,997 |
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$ |
7.24 |
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| Exercised |
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(197,941) |
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$ |
2.58 |
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| Forfeited |
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(284,956) |
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$ |
3.39 |
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| Expired |
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(328,677) |
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$ |
12.36 |
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| Outstanding at December 31, 2023 |
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709,423 |
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$ |
7.73 |
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| Exercised |
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(93,962) |
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$ |
3.04 |
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| Outstanding at December 31, 2024 |
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615,461 |
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$ |
8.44 |
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2.26 |
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$ |
1,054 |
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| Exercisable at December 31, 2024 |
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615,461 |
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$ |
8.44 |
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2.26 |
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$ |
1,054 |
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(1)On August 4, 2021, the Company’s Board of Directors declared a special cash dividend of $3.20 per share to the stockholders of record as of the close of business on August 12, 2021, using the after tax cash proceeds from the sale of the Performance Chemicals business. This reflects the impact of the reduction in the strike price on all outstanding vested and unvested stock options by $3.20 per share.
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| Schedule of Nonvested Restricted Stock Awards, Restricted Stock Units and Performance Stock Unit Activity |
The following table summarizes the activity of restricted stock awards, restricted stock units and performance stock units for the period from December 31, 2021 through the year ended December 31, 2024:
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Restricted Stock Awards |
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Restricted Stock Units |
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Performance Stock Units |
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Number of
Shares |
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Weighted Average Grant Date Fair Value (per share) |
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Number of
Units |
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Weighted Average Grant Date Fair Value (per share) |
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Number of
Units |
|
Weighted Average Grant Date Fair Value (per share) |
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| Nonvested as of December 31, 2021 |
633,724 |
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$ |
15.84 |
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(1) |
2,507,421 |
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$ |
15.68 |
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1,117,555 |
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(1) |
$ |
16.91 |
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| Granted |
— |
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$ |
— |
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2,779,690 |
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$ |
10.28 |
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295,132 |
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$ |
8.82 |
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| Vested |
(84,903) |
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$ |
8.83 |
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(1,550,969) |
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$ |
15.08 |
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(496,442) |
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$ |
15.41 |
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| Forfeited |
(271,765) |
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$ |
15.84 |
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(1,271,424) |
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$ |
12.27 |
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(276,713) |
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$ |
12.33 |
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| Nonvested as of December 31, 2022 |
277,056 |
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$ |
15.66 |
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2,464,718 |
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$ |
11.73 |
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639,532 |
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(1) |
$ |
16.32 |
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| Granted |
5,081 |
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$ |
9.84 |
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1,195,835 |
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$ |
9.84 |
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721,537 |
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$ |
12.28 |
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| Vested |
(5,081) |
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$ |
9.84 |
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(1,436,301) |
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$ |
11.84 |
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(200,204) |
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$ |
20.16 |
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| Forfeited |
(277,056) |
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$ |
15.66 |
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(261,424) |
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$ |
11.27 |
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(201,648) |
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$ |
18.57 |
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| Nonvested as of December 31, 2023 |
— |
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$ |
— |
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1,962,828 |
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$ |
10.55 |
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959,217 |
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(1) |
$ |
11.84 |
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| Granted |
4,540 |
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$ |
8.81 |
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1,126,166 |
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$ |
8.84 |
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535,629 |
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$ |
10.23 |
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| Vested |
(4,540) |
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$ |
8.81 |
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(1,000,288) |
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$ |
11.10 |
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— |
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$ |
— |
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| Forfeited |
— |
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$ |
— |
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(111,333) |
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$ |
9.27 |
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(141,437) |
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$ |
12.82 |
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| Nonvested as of December 31, 2024 |
— |
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$ |
— |
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1,977,373 |
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$ |
9.37 |
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1,353,409 |
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(1) |
$ |
11.10 |
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(1) Based on target.
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