Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-based Compensation (Tables)

v3.25.0.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Time-based Vesting RSUs  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Current Year Activity

The following table summarizes the current year activity related to our time-based vesting RSUs:

 

 

Units

 

 

Grant Date Weighted-
Average Fair Value per
Unit

 

Unvested balance at December 31, 2023

 

 

839,607

 

 

$

12.55

 

Granted

 

 

410,293

 

 

 

8.61

 

Vested

 

 

(761,740

)

 

 

12.10

 

Forfeited

 

 

(48,107

)

 

 

11.66

 

Unvested balance at December 31, 2024

 

 

440,053

 

 

$

9.74

 
Performance-based Vesting RSU  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Current Year Activity

The following table summarizes the current year activity related to our performance-based vesting RSUs:

 

 

Units

 

 

Grant Date Weighted-
Average Fair Value per
Unit

 

Unvested balance at December 31, 2023

 

 

—

 

 

$

—

 

Granted

 

 

117,363

 

 

 

9.16

 

Performance adjustment

 

 

(96,447

)

 

 

9.16

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

Unvested balance at December 31, 2024

 

 

20,916

 

 

$

9.16

 

Stock-based compensation expense for these PRSUs was $0.1 million in 2024. The weighted-average grant-date fair value per share of PRSUs granted was $9.16 and $12.65 in 2024 and 2023, respectively. The weighted-average fair value of RSUs vested was zero in 2024 and 2023. As of December 31, 2024, there was $0.1 million of total unrecognized compensation cost related to unvested PRSUs, which is expected to be recognized over a weighted average period of 2.2 years.