Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Weightage Average Assumptions
The Company used a Monte Carlo simulation to estimate the $15.61 weighted average fair value of the awards granted, subject to the TSR goal during the three months ended March 31, 2026, with the following weighted average assumptions:
Expected dividend yield —  %
Risk-free interest rate 3.57  %
Expected volatility 40.00  %
Expected term (in years) 2.90
Activity of Restricted Stock Units
The following table summarizes the activity for the Company’s RSUs and PSUs for the three months ended March 31, 2026:
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, 2025 1,464,131  $ 8.45  1,491,514  (1) $ 10.86 
Granted 624,737  $ 10.44  351,870  $ 12.96 
Vested (941,817) $ 8.64  —  $ — 
Forfeited (14,284) $ 9.32  (596,308) $ 12.49 
Nonvested as of March 31, 2026 1,132,767  $ 9.38  1,247,076  (1) $ 10.67 
(1)Based on target.
Activity of Performance Stock Units
The following table summarizes the activity for the Company’s RSUs and PSUs for the three months ended March 31, 2026:
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, 2025 1,464,131  $ 8.45  1,491,514  (1) $ 10.86 
Granted 624,737  $ 10.44  351,870  $ 12.96 
Vested (941,817) $ 8.64  —  $ — 
Forfeited (14,284) $ 9.32  (596,308) $ 12.49 
Nonvested as of March 31, 2026 1,132,767  $ 9.38  1,247,076  (1) $ 10.67 
(1)Based on target.