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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
(8) 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 July 1, 2022
      1,209,065      $ 2.07  
Granted
      —          —    
Vested
      (8,333 )       1.22  
Forfeited
      (10,000 )       3.03  
    
 
 
           
Unvested as of September 30, 2022
      1,190,732      $ 2.06  
    
 
 
           
As of September 30, 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 1.8 years.