v3.26.1
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 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

 

 

(501,195

)

 

 

(15,482

)

 

 

(516,677

)

 

 

15.68

 

Unvested shares at June 30, 2026

 

 

 

 

 

55,559

 

 

 

55,559

 

 

$

17.61

 

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

 

2027

 

 

18,046

 

2028

 

 

18,060

 

2029

 

 

9,716

 

2030

 

 

9,737

 

Total

 

 

55,559