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Equity Incentive Plans (Tables) | 3 Months Ended
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Mar. 31, 2024
2019 Long Term Incentive Plan |
Summary of Issuances, Vesting and Retirement of Shares under Plan | The following table summarizes issuances, vesting, and retirement of shares under the plan as well as the fair value of granted stock for the three months ended March 31, 2024 and 2023 (dollars in thousands).
|  | Three Months Ended |  |  | Weighted Average |  |  | Three Months Ended |  |  | Weighted Average |
|  | March 31, 2024 |  |  | Grant Date Fair Value |  |  | March 31, 2023 |  |  | Grant Date Fair Value |
Unvested as of Beginning of Period |  |  | 1,326,891 |  |  | $ | 14.56 |  |  |  | 1,041,721 |  |  | $ | 16.98 |
Shares Granted |  |  | 753,051 |  |  | $ | 14.80 |  |  |  | 783,100 |  |  | $ | 12.85 |
Shares Vested and Forfeited |  |  | (287,793 | ) |  | $ | 14.19 |  |  |  | (217,411 | ) |  | $ | 17.12 |
Unvested as of Ending of Period |  |  | 1,792,149 |  |  | $ | 14.72 |  |  |  | 1,607,410 |  |  | $ | 14.95 |
Fair Value of Granted Stock | $ |  | 11,145 |  |  |  |  | $ |  | 10,063 |  |  |  |
Compensation cost recognized | $ |  | 2,391 |  |  |  |  | $ |  | 1,716 |  |  |  |
2019 Restricted Stock Plan |
Summary of Issuances, Vesting and Retirement of Shares under Plan | For additional information regarding the 2019 Restricted Stock Plan, please refer to the Company’s Current Report on Form 8-K, filed with the SEC on June 23, 2021, and the Company’s definitive proxy statement filed with the SEC on April 26, 2024. The following table summarizes issuances, vesting, and retirement of shares under the plan as well as the fair value of granted stock for the three months ended March 31, 2024 and 2023 (dollars in thousands).
|  | Three Months Ended |  |  | Weighted Average |  |  | Three Months Ended |  |  | Weighted Average |
|  | March 31, 2024 |  |  | Grant Date Fair Value |  |  | March 31, 2023 |  |  | Grant Date Fair Value |
Unvested as of Beginning of Period, |  |  | 15,196 |  |  | $ | 13.16 |  |  |  | 13,540 |  |  | $ | 14.77 |
Shares Granted |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Shares Vested and Forfeited |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Unvested as of Ending of Period, |  |  | 15,196 |  |  | $ | 13.16 |  |  |  | 13,540 |  |  | $ | 14.77 |
Fair Value of Granted Stock | $ |  | — |  |  |  |  | $ |  | — |  |  |  |
Compensation cost recognized | $ |  | 50 |  |  |  |  | $ |  | 49 |  |  |  |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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