v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-Based Compensation  
Schedule of changes in restricted stock units

    

Number of
Shares

    

Weighted
Average Grant
Date Fair Value
per Share

Balance at December 31, 2024

985,077

    

$

7.60

Granted

728,056

    

5.88

Vested

(404,814)

7.00

Balance at June 30, 2025

1,308,319

$

6.83

Schedule of changes in performance stock units

Number of
Shares

    

Weighted
Average Grant
Date Fair Value
per Share

Balance at December 31, 2024

1,401,407

$

6.02

Granted

2,992,858

1.65

Incremental PSUs vested in period1

87,207

2.98

Forfeited

(425,000)

4.17

Vested

(786,626)

4.13

Balance at June 30, 2025

3,269,846

$

2.64

(1)Associated with awards that vested during the period at 150% of Target Level.
Schedule of changes in stock options

    

Options

    

Weighted Average
Exercise Price Per
Share

    

Weighted Average
Contractual Life
(Years)

    

Intrinsic Value ($ in thousands)

Outstanding Options at December 31, 2024

362,109

$

7.38

4.82

$

1,018

Vested and expired

(16,882)

4.51

Outstanding Options at June 30, 2025

345,227

$

7.52

4.30

$

471

Schedule of assumptions using Black-scholes option-pricing model

    

Assumptions

Weighted average expected stock volatility (range)

%

25.94 - 30.90

Expected dividend yield

%

0.00

Expected term (years)

6.25

Risk-free interest rate (range)

%

0.82 - 2.26

Exercise price (range)

$

4.51 - 10.83