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Stock Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards A summary of our restricted stock awards from January 1, 2022 to March 31, 2022 is as follows:
Number of
Shares
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 20221,443,295 $9.46 
Granted425,731 9.56 
Vested(260,680)9.54 
Forfeited(211,543)9.45 
Unvested balance at March 31, 20221,396,803 $9.47 
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2022 to March 31, 2022 is as follows:
Number of
Target Units
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2022969,240 $9.45 
Granted337,702 9.70 
Vested (1)
(269,224)10.14 
Forfeited(160,533)9.34 
Unvested balance at March 31, 2022877,185 $11.06 
______________________
(1)The number of shares of common stock earned for the PSUs vested in 2022 was equal to 100.0% of the PSU Target Award.
Summary of LTIP Units A summary of our LTIP units from January 1, 2022 to March 31, 2022 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2022135,388 $10.22 
Vested (1)
(108,422)10.38 
Unvested balance at March 31, 202226,966 $9.58 
______________________
(1)As of March 31, 2022, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units.