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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 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 years ended December 31, 2024, 2023 and 2022 (dollars in thousands).

 

 

 

Year Ended

 

 

Weighted Average

 

 

Year Ended

 

 

Weighted Average

 

 

Year Ended

 

 

Weighted Average

 

 

 

December 31, 2024

 

 

Grant Date Fair Value

 

 

December 31, 2023

 

 

Grant Date Fair Value

 

 

December 31, 2022

 

 

Grant Date Fair Value

 

Unvested as of Beginning of Period

 

 

1,326,891

 

 

$

14.56

 

 

 

1,041,721

 

 

$

16.98

 

 

 

536,552

 

 

$

16.48

 

Shares Granted

 

 

1,340,852

 

 

 

14.63

 

 

 

812,527

 

 

 

12.92

 

 

 

722,336

 

 

 

17.22

 

Shares Vested and Forfeited

 

 

(674,284

)

 

 

14.77

 

 

 

(527,357

)

 

 

16.81

 

 

 

(217,167

)

 

 

16.55

 

Unvested as of Ending of Period

 

 

1,993,459

 

 

$

14.53

 

 

 

1,326,891

 

 

$

14.56

 

 

 

1,041,721

 

 

$

16.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Granted Stock

$

 

19,615

 

 

 

 

$

 

10,498

 

 

 

 

$

 

12,442

 

 

 

 

Compensation Cost Recognized

$

 

10,342

 

 

 

 

$

 

8,594

 

 

 

 

$

 

5,747

 

 

 

 

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 Reports on Form 8-K, filed with the SEC on June 23, 2021 and June 14, 2024, 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 years ended December 31, 2024, 2023 and 2022 (dollars in thousands).

 

 

 

Year Ended

 

 

Weighted Average

 

 

Year Ended

 

 

Weighted Average

 

 

Year Ended

 

 

Weighted Average

 

 

 

December 31, 2024

 

 

Grant Date Fair Value

 

 

December 31, 2023

 

 

Grant Date Fair Value

 

 

December 31, 2022

 

 

Grant Date Fair Value

 

Unvested as of Beginning of Period,

 

 

15,196

 

 

$

13.16

 

 

 

13,540

 

 

$

14.77

 

 

 

6,066

 

 

$

16.48

 

Shares Granted

 

 

13,340

 

 

 

14.99

 

 

 

15,196

 

 

 

13.16

 

 

 

19,320

 

 

 

15.53

 

Shares Vested and Forfeited

 

 

(15,196

)

 

 

13.16

 

 

 

(13,540

)

 

 

14.77

 

 

 

(11,846

)

 

 

16.88

 

Unvested as of Ending of Period,

 

 

13,340

 

 

$

14.99

 

 

 

15,196

 

 

$

13.16

 

 

 

13,540

 

 

$

14.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Granted Stock

$

 

200

 

 

 

 

$

 

200

 

 

 

 

$

 

300

 

 

 

 

Compensation Cost Recognized

$

 

201

 

 

 

 

$

 

200

 

 

 

 

$

 

236