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Stock Based Compensation
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock Based Compensation

7. Stock Based Compensation

During the three months ended March 31, 2023, the Company issued 581,557 restricted stock units at a weighted average grant-date fair value of $21.43 per share. As of March 31, 2023, the Company had 1,282,745 restricted stock units outstanding at a weighted average grant-date fair value of $19.67 per share. As of March 31, 2023, $20.4 million of total restricted stock unit non-cash compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.6 years. In addition, as of March 31, 2023, the Company had 1,318 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $16.17 per share.

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