v3.26.1
Shareholders' Equity
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity

Note 8. Shareholders’ Equity

Stock-Based Compensation

The Company’s stock incentive plan consists of stock options, restricted stock units (“RSUs”), deferred stock units (“DSUs”), restricted shares, performance shares, performance share units (“PSUs”) and stock appreciation rights. During the three and six months ended June 30, 2026, there were no issued and outstanding stock options, performance shares or stock appreciation rights. As of June 30, 2026, after factoring in all allocated shares, there remain approximately 3.2 million common shares available for grant.

The following table summarizes non-vested PSU activity during the period:

 

 

 

 

 

 

Number of PSUs

 

Balance as of January 1, 2026

 

 

 

 

 

 

4,393,692

 

Granted

 

 

 

 

 

 

3,596

 

Forfeited

 

 

 

 

 

 

(1,214,616

)

Balance as of June 30, 2026

 

 

 

 

 

 

3,182,672

 

 

The following table summarizes non-vested restricted share, RSU and DSU activity during the period:

 

 

 

Number of Equity Based Awards

 

 

Liability Based Awards

 

 

 

Restricted Shares

 

 

RSUs

 

 

Equity DSUs

 

 

Cash Only DSUs

 

Balance as of January 1, 2026

 

 

111,732

 

 

 

273,501

 

 

 

101,956

 

 

 

55,866

 

Granted

 

 

25,000

 

 

 

971,882

 

 

 

159,729

 

 

 

75,000

 

Vested

 

 

(111,732

)

 

 

 

 

 

(145,435

)

 

 

(55,866

)

Balance as of June 30, 2026

 

 

25,000

 

 

 

1,245,383

 

 

 

116,250

 

 

 

75,000

 

 

There were 228,667 equity-settled DSUs (“Equity DSUs”) and 137,709 cash-settled DSUs (“Cash Only DSUs”) granted to directors that were vested but not settled as of June 30, 2026.