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Stock Based Compensation
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Based Compensation

8. Stock Based Compensation

During the quarter and nine months ended September 30, 2022, the Company issued 22,145 and 734,464 restricted stock units at a weighted average grant-date fair value of $20.56 and $19.44 per share, respectively. As of September 30, 2022, the Company had 1,324,714 restricted stock units outstanding at a weighted average grant-date fair value of $17.86 per share. As of September 30, 2022, $14.3 million of total restricted stock unit compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.5 years.

As of September 30, 2022, the Company had 2,945 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $16.17 per share. As of September 30, 2022, $15 thousand of compensation expense related to common stock subject to vesting requirements had not been recognized and is expected to be recognized over a weighted average period of approximately 1.0 year.

Forfeitures for all of the Company’s outstanding equity awards are recognized as incurred.