v3.25.1
Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Restricted Stock Units Details of unvested RSU activity during the three months ended March 31, 2025 were as follows:

 

 

Number of units

 

 

Weighted average
grant-date fair value

 

Unvested as of December 31, 2024

 

 

887,268

 

 

$

21.67

 

Granted(1)

 

 

95,650

 

 

$

35.80

 

Vested and delivered

 

 

(14,468

)

 

$

21.68

 

Withheld as treasury stock(2)

 

 

(5,032

)

 

$

23.06

 

Forfeited

 

 

(26,837

)

 

$

22.77

 

Unvested as of March 31, 2025

 

 

936,581

 

 

$

23.07

 

 

(1)
During the three months ended March 31, 2025, the Company granted an aggregate of 95,650 RSUs to certain employees and directors at grant date fair values ranging from $34.18 to $38.72 per share, with a vesting period ranging from three to four years.
(2)
Withheld as treasury stock represents shares withheld to pay statutory taxes upon the vesting of RSUs. Refer to Note 7 for details.
Summary of Allocated Share-based Compensation

Share-based compensation was allocated to the following accounts in the condensed consolidated financial statements for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended March 31,

 

(In thousands)

 

2025

 

 

2024

 

Sales and marketing expenses

 

$

195

 

 

$

138

 

General and administrative expenses

 

 

1,401

 

 

 

1,264

 

Share-based compensation expense

 

 

1,596

 

 

 

1,402

 

Capitalized in intangible assets

 

 

382

 

 

 

446

 

Total

 

$

1,978

 

 

$

1,848