v3.26.3
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Activity

The following table summarizes the Company’s share-based compensation activity:

 

Quarter ended September 30,

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Grants:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted share units

 

 

—

 

 

 

—

 

 

 

330

 

 

 

199

 

Performance share units

 

 

—

 

 

 

—

 

 

 

287

 

 

 

168

 

 

 

—

 

 

 

—

 

 

 

617

 

 

 

367

 

Grant date fair value:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted share units

 

$

—

 

 

$

—

 

 

$

3,987

 

 

$

2,815

 

Performance share units

 

 

—

 

 

 

—

 

 

 

3,492

 

 

 

2,365

 

 

$

—

 

 

$

—

 

 

$

7,479

 

 

$

5,180

 

Vestings:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted share units

 

 

—

 

 

 

—

 

 

 

178

 

 

 

144

 

Performance share units (1)

 

 

—

 

 

 

—

 

 

 

101

 

 

 

91

 

 

 

—

 

 

 

—

 

 

 

279

 

 

 

235

 

Forfeitures:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted share units

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

Performance share units

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

Compensation expense relating to share-based grants

 

$

752

 

 

$

812

 

 

$

3,395

 

 

$

2,613

 

(1)
The actual number of performance-based restricted share units (“RSUs”) that vested during the nine months ended September 30, 2026 was approximately 79% of the 128,212 originally granted performance-based RSUs.
Summary of Restricted Share Units and Performance Share Units Expected to Vest

 

 

September 30, 2026

 

 

 

Restricted share units

 

 

Performance share units

 

Shares expected to vest:

 

 

Number of restricted share units (in thousands)

 

 

441

 

 

 

437

 

Grant date average fair value per unit

 

$

12.67

 

 

$

12.84