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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

12 Months Ended

Dec. 31, 2024

Employee Stock Option

STOCK-BASED COMPENSATION

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	For the Year Ended December 31,							​	​
​	​	​	2024							​	​
​	​	​	​	​	Weighted		​	Weighted		​	​
​	​	​	Number	​	Average		​	Average		​	​
​	​	​	of	​	Exercise		​	Fair		​	​
​		​	Options		Price			Value			​
Outstanding as of January 1		​	368,190	​	​	7.93	​	​	2.82	​	​
Granted		​	—	​	​	—	​	​	—	​	​
Exercised		​	(65,245)	​	​	8.03	​	​	3.09	​	​
Forfeited		​	—	​	​	—	​	​	—	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Outstanding as of December 31		​	302,945		$	7.91	​	$	2.76	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Exercisable as of December 31		​	302,945		$	7.91	​	$	2.76	​	​

​

The following table summarizes certain information about the options outstanding as of December 31, 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

December 31, 2024

​

December 31, 2024

​

Weighted

​

​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

​

Average

​

​

Weighted

​

Average

​

​

​

Weighted

​

Average

​

Exercise Price of

​

​

Average

​

Remaining

​

​

​

Average

​

Remaining

​

Outstanding

​

Number of

​

Exercise

​

Contractual

​

Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

7.91

​

—

​

$

—

​

—

​

302,945

​

$

7.91

​

1.38

​

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,								​
​		2024		​	2023		​	2022		​
General and administrative expenses	​	$	6	​	$	83	​	$	278	​

RSU

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,								​
​		2024		​	2023		​	2022		​
General and administrative expenses	​	$	4,637	​	$	5,050	​	$	2,964	​

Summary of nonvested restricted stock units

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Years Ended December 31,

​

​

​

2024

​

2023

​

2022

​

​

​

​

​

Weighted

​

​

​

Weighted

​

​

​

Weighted

​

​

​

Number of

​

Average Grant

​

Number of

​

Average Grant

​

Number of

​

Average Grant

​

​

RSUs

​

Date Price

​

RSUs

​

Date Price

​

RSUs

Date Price

Outstanding as of January 1

​

563,705

​

$

16.47

​

641,972

​

$

15.74

​

306,887

​

$

9.65

​

Granted

​

235,109

​

​

18.84

​

214,497

​

​

16.26

​

533,969

​

​

17.55

​

Vested

​

(244,128)

​

​

16.07

​

(243,442)

​

​

14.36

​

(198,884)

​

​

11.23

​

Forfeited

​

—

​

​

—

​

(49,322)

​

​

16.42

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Outstanding as of December 31, 2024

​

554,686

​

$

17.65

​

563,705

​

$

16.47

​

641,972

​

$

15.74

​

The following table summarizes certain information of the RSUs unvested and vested as of December 31, 2024:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
December 31, 2024						​	December 31, 2024				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
554,686	​	$	17.65	​	1.08	​	362,824	​	$	13.05	​

Performance based restricted stock units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​
​	​	For the years ended December 31,
​	​	2024		​	2023		​	2022
General and administrative expenses	​	$	1,207	​	$	397	​	$	—

​

Schedule of unvested PRSUs activity

​

​	​	​	​	​	​
​	​	For the Years Ended December 31,			​
​	​	2024	​	2023	​
​	​	Number of	​	Number of
​		PRSUs		PRSUs
Outstanding as of January 1		79,838		—	​
Granted		99,065	​	79,838	​
Vested		—	​	—	​
Forfeited		—	​	—	​
​	​	​	​	​	​
Outstanding as of December 31		178,903		79,838	​

Schedule of significant inputs used in the estimation of the fair value of awards granted

​

​	​	​	​	​	​
Significant Input	​	December 31, 2024	​	December 31, 2023	​
Closing share price of our common stock	​	$14.36 to $18.17	​	$14.36 to $16.30	​
Risk-free rate of return	​	3.81% to 4.38%	​	3.81% to 4.38%	​
Expected volatility of our common stock	​	48.34% to 54.53%	​	53.38% to 54.53%	​
Holding period discount		0%	​	0%
Simulation term (in years)		2.54 to 2.86	​	2.54 to 2.72
Range of target		0% to 200%	​	0% to 200%

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