v3.26.3
Share-based Compensation
9 Months Ended
Sep. 30, 2026
Share-based Compensation  
Share-based Compensation

Note 7 — Share-based Compensation

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Restricted share awards are issued to employees and to members of our board of directors that are subject to specified restrictions and a risk of forfeiture. The restrictions typically lapse over one to four years and may entitle holders to dividends and voting rights. Other types of share-based compensation include performance share awards, performance share units, and restricted share units (collectively with restricted share awards, “restricted shares”), as well as options to purchase common stock.

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Share-based compensation expense was recognized in the following line items in the Consolidated Statements of Operations for the three and nine months ended September 30, 2026 and 2025:

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Three months ended September 30,

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Nine months ended September 30,

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  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

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(in thousands)

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Cost of sales

 

$

1,411

 

$

1,771

 

$

4,522

 

$

5,105

 

Research and development

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​

2,656

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​

2,840

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7,938

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8,902

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Selling, general, and administrative

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4,347

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4,534

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13,680

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​

13,997

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Total

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$

8,414

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$

9,145

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$

26,140

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$

28,004

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For the nine months ended September 30, 2026, equity activity related to non-vested restricted shares and performance shares was as follows:

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Weighted

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Average

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Number of

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Grant Date

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Shares

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Fair Value

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(in thousands)

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Balance - December 31, 2025

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2,551

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$

28.89

Granted

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1,262

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32.84

Performance award adjustments

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117

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32.25

Vested

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(1,126)

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28.30

Forfeited

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(121)

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29.80

Balance - September 30, 2026

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2,683

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$

31.10

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