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Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Outstanding Restricted Common Stock

The following is a summary of the Company’s outstanding restricted common shares and changes therein for the three and six months ended June 30, 2024:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2024

 

 

 

Number of
Restricted
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

 

Number of
Restricted
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

Nonvested at beginning of period

 

 

91,419

 

 

$

21.98

 

 

 

85,670

 

 

$

21.88

 

Granted

 

 

 

 

 

 

 

 

40,952

 

 

 

15.51

 

Vested

 

 

 

 

 

 

 

 

(34,102

)

 

 

18.34

 

Forfeited

 

 

 

 

 

 

 

 

(1,101

)

 

 

14.80

 

Nonvested at end of period

 

 

91,419

 

 

$

21.98

 

 

 

91,419

 

 

$

21.98

 

 

The following is a summary of the status of the Company’s outstanding restricted common shares as of June 30, 2024:

 

At June 30, 2024

 

Date of Award

 

Shares

 

 

Remaining Expense

 

 

Remaining Vesting
Period (Years)

 

March 14, 2020

 

 

2,027

 

 

 

19

 

 

 

0.50

 

March 3, 2021

 

 

4,944

 

 

 

65

 

 

 

1.50

 

March 3, 2022

 

 

6,880

 

 

 

130

 

 

 

2.50

 

March 3, 2022

 

 

5,139

 

 

 

63

 

 

 

0.50

 

March 14, 2023

 

 

13,252

 

 

 

232

 

 

 

3.50

 

March 14, 2023

 

 

18,371

 

 

 

301

 

 

 

1.50

 

March 12, 2024

 

 

26,384

 

 

 

349

 

 

 

4.50

 

March 12, 2024

 

 

14,422

 

 

 

194

 

 

 

2.50

 

 

 

91,419

 

 

$

1,353

 

 

 

2.81