v3.26.1
Stock Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Based Compensation
10.
STOCK BASED COMPENSATION

Transactions in connection with the Company’s Equity Incentive Plans during the six months ended June 30, 2026 were as follows:

Restricted Stock Activity:

 

 

 

Outstanding as of December 31, 2025 (1)

 

 

1,304,145

 

Granted

 

 

389,232

 

Vested (2)

 

 

(710,637

)

Forfeited

 

 

(5,426

)

Outstanding as of June 30, 2026 (3)

 

 

977,314

 

 

 

 

Stock Option Activity:

 

 

 

Outstanding as of December 31, 2025

 

 

1,008,865

 

Granted

 

 

 

Exercised

 

 

 

Forfeited

 

 

(2,500

)

Outstanding as of June 30, 2026

 

 

1,006,365

 

 

(1)
Includes 30,923 grants of performance-based restricted stock units that satisfied the performance obligation and are therefore likely to vest and excludes 585,842 grants of performance-based restricted stock units that are not considered outstanding until such time that they become probable to vest.
(2)
Includes 30,923 vested grants of performance-based restricted stock units.
(3)
Includes no grants of performance-based restricted stock units that satisfied the performance obligation and are therefore likely to vest and excludes 601,680 grants of performance-based restricted stock units that are not considered outstanding until such time that they become probable to vest.

For the six months ended June 30, 2026, the Company acquired for treasury (i) 220,968 shares of Common Stock from its directors and employees to cover their tax withholding obligations upon the vesting of restricted share awards for an aggregate purchase price of $1.7 million, and (ii) 12,721 shares of Common Stock from its employees to cover their tax withholding obligations upon the vesting of performance-based restricted stock units for an aggregate purchase price of $0.1 million. These shares were purchased in accordance with the terms of the Company’s 2022 Equity Incentive Plan or 2025 Equity Incentive Plan, as applicable.