XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Equity Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Time Based Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Un-Vested Share Activity

The following table summarizes the activity related to our time based awards:

 

 

Restricted Stock

 

 

LTIP Units

 

Time Based Award Grants

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 

Units

 

 

Weighted-Average
Grant-Date
Fair Value

 

Unvested at December 31, 2021

 

 

219,946

 

 

$

9.64

 

 

 

274,196

 

 

$

9.22

 

Granted

 

 

60,032

 

 

 

14.33

 

 

 

181,664

 

 

 

13.23

 

Vested

 

 

(129,498

)

 

 

9.64

 

 

 

(165,219

)

 

 

10.21

 

Forfeited

 

 

(4,630

)

 

 

11.76

 

 

 

—

 

 

 

—

 

Unvested at December 31, 2022

 

 

145,850

 

 

 

11.50

 

 

 

290,641

 

 

 

11.16

 

Granted

 

 

38,125

 

 

 

14.30

 

 

 

297,867

 

 

 

13.30

 

Vested

 

 

(42,522

)

 

 

11.22

 

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at March 31, 2023

 

 

141,453

 

 

$

12.34

 

 

 

588,508

 

 

$

12.24

 
Performance Based Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Un-Vested Share Activity

The following table summarizes our activity related to our performance based awards:

 

 

 

Restricted Stock

 

 

LTIP Units

 

Performance Based Award Grants

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 

Units

 

 

Weighted-Average
Grant-Date
Fair Value

 

Unvested at December 31, 2021

 

 

5,752

 

 

$

9.78

 

 

 

267,107

 

 

$

9.21

 

Granted

 

 

—

 

 

 

—

 

 

 

113,429

 

 

 

13.18

 

Vested

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at December 31, 2022

 

 

5,752

 

 

 

9.78

 

 

 

380,536

 

 

 

10.39

 

Granted

 

 

5,752

 

 (1)

 

9.78

 

 

 

271,199

 

 

 

13.30

 

Vested

 

 

(11,504

)

 

 

9.78

 

 

 

(118,720

)

 

 

9.09

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at March 31, 2023

 

 

—

 

 

$

—

 

 

 

533,015

 

 

$

12.16

 

 

(1) On March 2, 2023 the Compensation Committee of the board of directors approved the vesting of the 2020 performance grant at 200% of the targeted award. Accordingly, individuals who elected to receive performance based restricted stock were issued and immediately vested additional shares to equal 200% of their targeted award.