Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Changes in Non Vested Options

A summary of the unvested restricted shares is as follows:


	2026			2025
	Number of Shares	Weighted Average Grant Date Fair Value Per Share		Number of Shares	Weighted Average Grant Date Fair Value Per Share
Unvested as of January 1	146,493	$	9.68	165,497	$	11.81
Granted	81,156	6.31		381,796	8.74
Vested	(161,119)	9.07		(377,253)	9.95
Forfeited	(8,144)	8.79		(5,999)	9.74
Unvested as of June 30	58,386	$	6.80	164,041	$	9.02

A summary of the unvested LTIP Unit awards is as follows:


	2026			2025
	Number of Shares	Weighted Average Grant Date Fair Value Per Share		Number of Shares	Weighted Average Grant Date Fair Value Per Share
Unvested as of January 1	2,111,445	$	5.84	119,872	$	9.66
Granted	1,337,838	4.97		2,106,041	6.44
Vested	(158,576)	7.63		(95,208)	8.57
Forfeited	—	—		—	—
Unvested as of June 30	3,290,707	$	5.40	2,130,705	$	6.53

Schedule of Nonvested Performance-Based Units Activity

A summary of the unvested Performance Unit awards is as follows:


	2026			2025
	Number of Shares	Weighted Average Grant Date Fair Value Per Share		Number of Shares	Weighted Average Grant Date Fair Value Per Share
Unvested as of January 1	103,000	$	11.92	110,375	$	11.98
Granted(1)	—	—		45,000	10.45
Vested(2)	(4,500)	14.87		—	—
Forfeited	(23,000)	8.56		(9,125)	11.39
Unvested as of June 30	75,500	$	12.77	146,250	$	11.55

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(1)No grants were issued under this program in 2026.

(2)Amounts for 2026 represent acceleration of continued employment (50%) of outstanding awards where performance criteria was met for certain employees who departed the company as a result of the sale of the general contracting and real estate services business.


Date of Award	Number of Units Granted	Grant Date Fair Value		Conversion Range		Risk Free Interest Rate		Volatility		Expected Dividends
2021	42,500	$	9.67	0% to 200%		0.17	%	49.0	%	4.7	%
2022	47,500	$	17.12	0% to 200%		0.98	%	50.0	%	4.7	%
2023	47,500	$	12.61	0% to 200%	(1)	4.23	%	51.0	%	5.4	%
2024	50,000	$	9.23	0% to 200%	(1)	4.32	%	27.0	%	6.2	%
2025	45,000	$	10.45	0% to 200%	(1)	4.35	%	26.0	%	6.9	%

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(1)For Performance Units granted in 2022 and beyond, only 50% of each Award is subject to the conversion range. The remainder (50%) is guaranteed 1 to 1 conversion as long as the employee remains employed at the Company.