v3.26.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
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, 2026

 

 

296,430

 

 

 

32,156

 

 

 

328,586

 

 

$

13.40

 

Issued

 

 

204,765

 

 

 

38,885

 

 

 

243,650

 

 

 

19.19

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Unvested shares at March 31, 2026

 

 

501,195

 

 

 

71,041

 

 

 

572,236

 

 

$

15.87

 

 

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

 

2026

 

 

164,293

 

2027

 

 

143,046

 

2028

 

 

143,061

 

2029

 

 

60,907

 

2030

 

 

60,929

 

Total

 

 

572,236