v3.25.2
Incentive Award Plan (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Shares Activity

The following table is a summary of the total restricted shares granted, forfeited and vested for the six months ended June 30, 2025 and year ended December 31, 2024:

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Unvested restricted stock at December 31, 2023

 

 

370,843

 

 

$

21.81

 

Granted

 

 

146,102

 

 

$

21.85

 

Forfeited

 

 

(7,100

)

 

$

22.66

 

Vested

 

 

(140,170

)

 

$

20.97

 

Unvested restricted stock at December 31, 2024

 

 

369,675

 

 

$

22.13

 

Granted

 

 

199,326

 

 

$

16.69

 

Forfeited

 

 

(3,500

)

 

$

19.40

 

Vested

 

 

(147,672

)

 

$

21.62

 

Unvested restricted stock at June 30, 2025

 

 

417,829

 

 

$

19.74

 

Schedule of Unvested Restricted Stock Units Activity

The following table summarizes activity related to the Company’s unvested PSUs during the six months ended June 30, 2025 and year ended December 31, 2024.

 

Unvested Performance Stock Units

 

Performance
Stock Units

 

 

Weighted Average
Grant Date Fair
Value per Unit

 

Balance at December 31, 2023

 

 

51,410

 

 

$

30.15

 

Granted

 

 

85,983

 

 

$

20.44

 

Vested

 

 

 

 

$

 

Forfeited

 

 

 

 

$

 

Balance at December 31, 2024

 

 

137,393

 

 

$

24.07

 

Granted

 

 

194,712

 

 

$

11.68

 

Vested

 

 

 

 

$

 

Forfeited

 

 

 

 

$

 

Balance at June 30, 2025

 

 

332,105

 

 

$

16.81