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Stock-Based Compensation
 3 Months Ended
Mar. 31, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
(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 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 January 1, 2022
      940,834      $ 2.77  
Granted
      26,316        1.90  
Vested
      (43,334 )       2.63  
Forfeited
      (5,000 )       2.85  
    
 
 
           
Unvested as of March 31, 2022
      918,816      $ 2.75  
    
 
 
           
As of March 31, 2022, there was $1.6 million of total unrecognized compensation cost for restricted stock units granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.2 years.