v3.25.1
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Restricted Stock Activity
The following table sets forth the Company's unvested RSU activity for the three months ended March 31,:
20252024
Number of Unvested Shares of RSUsWeighted Average Grant Date Fair Value Per ShareNumber of Unvested Shares of RSUsWeighted Average Grant Date Fair Value Per Share
Balance at January 1,68,258$13.92 63,582$13.92 
Granted28,148$16.64 28,754$16.10 
Forfeited—$— (740)$15.19 
Vested(18,504)
(1)
$14.76 (9,209)
(2)
$13.38 
Balance at March 31,77,902$16.87 82,387$14.73 
(1) Vested shares are reported gross and include 8,588 shares withheld to satisfy tax and other compensation related withholdings associated with the vested RSUs issued under the Plan.
(2) Vested shares are reported gross and include 2,846 shares withheld to satisfy tax and other compensation related withholdings associated with the vested RSUs issued under the Plan.
Schedule of Vested Restricted Stock Activity
The following table sets forth the Company's vested RSU activity for the three months ended March 31,:
20252024
Number of Vested Shares of RSUsWeighted Average Grant Date Fair Value Per ShareNumber of Vested Shares of RSUsWeighted Average Grant Date Fair Value Per Share
Balance at January 1, 68,253 $22.05 36,852 $22.05 
Vested18,504 
(1)
$14.76 9,209 
(2)
$13.38 
Converted(9,916)$14.76 (6,363)$13.38 
Shares Withheld(3)
(8,588)$14.76 (2,846)$13.38 
Balance at March 31,68,253 $17.62 36,852 $22.05 
(1) Represents the gross number of RSUs vested and includes 8,588 shares withheld to satisfy tax and other compensation related withholdings associated with the vested RSUs issued under the Plan.
(2) Represents the gross number of RSUs vested and includes 2,846 shares withheld to satisfy tax and other compensation related withholdings associated with the vested RSUs issued under the Plan.
(3) Represents shares withheld to satisfy tax and other compensation related withholdings associated with the vested RSUs issued under the Plan.
Schedule of Unvested Performance Stock Activity The following table sets forth the Company's unvested PSU activity for the three months ended March 31,:
20252024
Number of Unvested Shares of PSUsWeighted Average Grant Date Fair Value Per ShareNumber of Unvested Shares of PSUsWeighted Average Grant Date Fair Value Per Share
Balance at January 1,154,087$16.98 103,000$17.18 
Granted54,688$12.79 56,522$17.30 
Issued(42,548)
(1)
$24.00 — $— 
Balance at March 31,166,227$13.81 159,522$17.22 
(1) The Company met certain performance hurdles, as defined in the PSU agreements, for the two-year performance period ended December 31, 2024, resulting in a partial issuance of the PSU awards. Represents the gross number of PSUs issued and includes 13,493 shares withheld to satisfy tax and other compensation related withholdings associated with the PSUs issued under the Plan.