Stock-Based Compensation

6 Months Ended

Jun. 30, 2021

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

(6)	Stock-Based Compensation

The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 7.5 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive restricted stock units, shares of restricted stock, stock options or other stock-based awards. The restricted stock units and restricted stock awards that have been granted under the 2007 Plan generally vest over one to five years of service.

A summary of restricted stock unit activity is presented below:


	Units			Weighted- Average Grant - Date Fair Value
Unvested as of April 1, 2021		415,168		$	3.79
Granted		305,232			2.70
Vested		(37,848	)		3.80
Forfeited		(5,500	)		3.13

Unvested as of June 30, 2021		677,052		$	3.30

A summary of restricted stock activity is presented below:


	Shares		Weighted- Average Grant- Date Fair Value
Unvested as of April 1, 2021		12,500	$	4.84
Vested		—		—
Forfeited		—		—

Unvested as of June 30, 2021		12,500		$ 4.84

As of June 30, 2021, there was $1.6 million of total unrecognized compensation cost for restricted stock units and shares of restricted stock

granted

under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.2 years.