v3.26.1
Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of the unvested restricted shares
A summary of the unvested restricted shares as of June 30, 2026 is as follows:
2026
Number of
Shares
Weighted-Average
Grant Date
Fair Value
Unvested at January 1, 20261,971,739 $9.51 
Granted 1,379,191 8.41 
Vested(885,202)9.92 
Forfeited(5,347)7.76 
Unvested at June 30, 20262,460,381 $8.75 
Summary of Performance Unit Awards
A summary of the performance unit awards is as follows:
Date of AwardNumber of
Units Granted

Grant Date Fair
Value
Conversion RangeRisk Free Interest RateVolatility
February 2023 (1)574,846$16.90
0% to 200%
4.33%66.70%
February 2024703,325$15.13
0% to 200%
4.43%35.60%
March 2025832,322$11.45
0% to 200%
4.01%31.10%
May 20261,027,585$12.11
0% to 200%
3.88%29.20%
(1) In February 2026, following the end of the measurement period, the Company met certain threshold criterion and the performance units converted into approximately 362,000 restricted shares, all of which vested immediately. The total fair value of the vested shares related to the conversion of the performance units (calculated as the number of vested shares multiplied by the vesting date share price) during the six months ended June 30, 2026 was approximately $2.8 million.