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Equity Incentive Plans (Tables)
3 Months Ended
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