v3.24.3

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Restricted Stock Awards |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Restricted Stock | The following table presents information about the Company’s RSAs:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Compensation cost |  | $ | 1,225 |  |  | $ | 927 |  |  | $ | 3,614 |  |  | $ | 3,587 |
Dividends declared on unvested RSAs |  |  | 284 |  |  |  | 142 |  |  |  | 879 |  |  |  | 420 |
Fair value of shares vested during the period |  |  | — |  |  |  | — |  |  |  | 3,969 |  |  |  | 3,384 |
Summary of Restricted Stock Activity | The following table presents information about the Company’s restricted stock activity:
|  | For the Three Months Ended September 30, |
|  | 2024 |  |  | 2023 |
(in thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |
Unvested at beginning of period |  |  | 1,036 |  |  | $ | 15.51 |  |  |  | 508 |  |  | $ | 18.65 |
Granted |  |  | 1 |  |  |  | 17.41 |  |  |  | — |  |  |  | 16.52 |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | (57 | ) |  |  | 15.40 |  |  |  | (2 | ) |  |  | 17.75 |
Unvested at end of period |  |  | 980 |  |  |  | 15.51 |  |  |  | 506 |  |  |  | 18.66 |
|  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
(in thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |
Unvested at beginning of period |  |  | 492 |  |  | $ | 18.63 |  |  |  | 396 |  |  | $ | 20.36 |
Granted |  |  | 834 |  |  |  | 14.77 |  |  |  | 310 |  |  |  | 17.52 |
Vested |  |  | (259 | ) |  |  | 18.70 |  |  |  | (192 | ) |  |  | 20.33 |
Forfeited |  |  | (87 | ) |  |  | 16.55 |  |  |  | (8 | ) |  |  | 18.73 |
Unvested at end of period |  |  | 980 |  |  |  | 15.51 |  |  |  | 506 |  |  |  | 18.66 |
Performance-based Restricted Stock Units |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Restricted Stock | The following table presents compensation cost recognized on the Company’s performance-based restricted stock units:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Compensation cost |  | $ | 604 |  |  | $ | 613 |  |  | $ | 1,763 |  |  | $ | 1,371 |
Summary of Restricted Stock Activity | The following table presents information about the Company’s performance-based restricted stock unit activity:
|  | For the Three Months Ended September 30, |
|  | 2024 |  |  | 2023 |
(in thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |
Unvested at beginning of period |  |  | 446 |  |  | $ | 20.89 |  |  |  | 358 |  |  | $ | 25.01 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | (14 | ) |  |  | 20.56 |  |  |  | — |  |  |  | — |
Unvested at end of period |  |  | 432 |  |  |  | 20.90 |  |  |  | 358 |  |  |  | 25.01 |
|  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
(in thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value per Share |
Unvested at beginning of period |  |  | 351 |  |  | $ | 24.90 |  |  |  | 233 |  |  | $ | 26.27 |
Granted |  |  | 202 |  |  |  | 15.84 |  |  |  | 186 |  |  |  | 23.78 |
Vested |  |  | (88 | ) |  |  | 24.40 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (33 | ) |  |  | 23.18 |  |  |  | (61 | ) |  |  | 26.80 |
Unvested at end of period |  |  | 432 |  |  |  | 20.90 |  |  |  | 358 |  |  |  | 25.01 |

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