v3.26.1
STOCK COMPENSATION PLANS
6 Months Ended
Jun. 30, 2026
STOCK COMPENSATION PLANS  
STOCK COMPENSATION PLANS

(8)

STOCK COMPENSATION PLANS

Non-vested grants and activity for the period presented are as follows (in whole shares):

Non-vested grants as of December 31, 2025

 

586,101

Awarded

 

312,666

Vested

 

(210,182)

Forfeited

 

(2,000)

Non-vested grants as of June 30, 2026

 

686,585

For the three and six months ended June 30, 2026, our stock compensation expense was $1.4 million and $2.5 million, respectively. For the three and six months ended June 30, 2025, our stock compensation expense was $0.5 million and $1.6 million, respectively.

Non-vested restricted stock unit (“RSU”) grants will vest as follows (in whole shares):

Vesting Year

  ​ ​ ​

RSUs Vesting

2026

 

7,653

2027

 

459,273

2028

164,774

2029

54,885

686,585

As of June 30, 2026, unrecognized stock compensation expense to be recognized over the respective vesting period is $6.9 million, and we had 1,780,478 RSUs available for future issuance. RSUs are not allocated earnings and losses as they are considered non-participating securities. Forfeitures are recognized as they occur.