v3.25.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity
The following table shows a summary of the unvested restricted stock under the 2023 Long-Term Equity Compensation Incentive Plan as of March 31, 2025 as well as activity during the year:
Number of shares
Weighted Average Grant Date Fair Value
Restricted stock units, unvested, December 31, 20243,475,760 $6.98 
Granted
— — 
Vested(36,000)12.37 
Forfeited(4,713)7.01 
Restricted stock units, unvested, March 31, 20253,435,047 $6.90 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
Black-Scholes option-pricing model assumptions and the resulting fair value of options are presented in the following table:

Stock Options on Grant Date
Dividend yield— %
Expected volatility23.00 %
Risk-free interest rate3.98 %
Expected option life5.81 years
Weighted average fair value of options$3.91 
Schedule of Share-Based Payment Arrangement, Option, Activity
The following table shows the status of, and changes in, common stock options:
Number of Stock OptionsWeighted Average Exercise Price
Options outstanding, December 31, 2024345,263 $12.37 
Granted
— — 
Exercised— — 
Expired or cancelled— — 
Options exercisable, March 31, 2025345,263 $—