A
summary of restricted stock unit activity during the three-months ended March 31, 2025 and 2024 is presented below:
Summary
of Restricted Stock Unit, Time Based and Performance Based Activity
| |
|
Time-Based |
|
|
Performance-Based |
|
| |
|
Number
of Restricted Stock Units |
|
|
Weighted
Average Grant Date Fair Value |
|
|
Number
of Restricted Stock Units |
|
|
Weighted
Average Grant Date Fair Value |
|
| Restricted
stock units outstanding at March 31, 2024 |
|
|
3,675,000 |
|
|
$ |
10.00 |
|
|
|
2,000,000 |
|
|
$ |
7.91 |
|
| Granted |
|
|
295,000 |
|
|
$ |
8.71 |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
(655,000 |
) |
|
$ |
10.00 |
|
|
|
- |
|
|
|
- |
|
| Expired/Cancelled |
|
|
(320,000 |
) |
|
$ |
9.73 |
|
|
|
- |
|
|
|
- |
|
| Restricted
stock units outstanding at December 31, 2024 |
|
|
2,995,000 |
|
|
$ |
9.90 |
|
|
|
2,000,000 |
|
|
$ |
7.91 |
|
| Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Expired/Cancelled |
|
|
(5,000 |
) |
|
|
9.15 |
|
|
|
- |
|
|
|
- |
|
| Restricted
stock units outstanding at March 31, 2025 |
|
|
2,990,000 |
|
|
$ |
9.90 |
|
|
|
2,000,000 |
|
|
$ |
7.91 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restricted
stock units at March 31, 2024 |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
| Restricted
stock units at March 31, 2025 |
|
|
655,000 |
|
|
$ |
10.00 |
|
|
|
- |
|
|
$ |
- |
|
|