v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Class Of Stock [Line Items]  
Summary of Restricted Stock Units

The following table includes the number of restricted stock units granted, vested, forfeited and outstanding as of June 30, 2026:

 

 

 

2026

 

 

 

Number of Units

 

 

Weighted Average
Grant Date Fair Value

 

Outstanding January 1,

 

 

791,393

 

 

$

37.54

 

Granted

 

 

440,000

 

 

 

24.32

 

Vested

 

 

(250,936

)

(1)

 

39.80

 

Forfeited

 

 

(750

)

 

 

32.92

 

Outstanding June 30,

 

 

979,707

 

 

$

30.87

 

 

Certain key employees of the Adviser and directors elected to net the taxes owed upon vesting and cash settle 58,731 and 6,862 restricted stock units, respectively, against the shares issued resulting in 185,343 shares being issued as shown on the Consolidated Statement of Stockholders’ Equity.
Summary Information of ATM Program The following table contains summary information of the ATM Program since its inception:

 

 

Gross proceeds

 

$

62,310,967

 

Common shares issued

 

 

1,120,910

 

Gross average sale price per share

 

$

55.59

 

 

 

 

 

Sales commissions

 

$

934,665

 

Offering costs

 

 

1,353,015

 

Net proceeds

 

$

60,023,287

 

Average price per share, net

 

$

53.55