v3.25.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of restricted common stock transactions

The following table summarizes the Company’s restricted common stock transactions:

 

 

 

Manager

 

 

Directors

 

 

Total Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Unvested shares at January 1, 2025

 

 

520,240

 

 

 

54,298

 

 

 

574,538

 

 

$

13.83

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

(223,810

)

 

 

(22,142

)

 

 

(245,952

)

 

 

14.39

 

Unvested shares at June 30, 2025

 

 

296,430

 

 

 

32,156

 

 

 

328,586

 

 

$

13.40

 

 

Summary of unvested shares of restricted common stock expected to vest

The unvested shares of restricted common stock that are expected to vest during the following years:

 

 

 

Shares

 

2025

 

 

 

2026

 

 

164,293

 

2027

 

 

82,139

 

2028

 

 

82,154

 

Total

 

 

328,586