v3.26.3
Share-based compensation
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-based compensation

12. Share-based compensation

Components of share-based compensation expense are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Unaudited, U.S. Dollars, in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of sales

 

$

234

 

 

$

368

 

 

$

1,027

 

 

$

1,297

 

Sales, general, and administrative

 

 

6,102

 

 

 

6,448

 

 

 

18,824

 

 

 

19,012

 

Research and development

 

 

408

 

 

 

365

 

 

 

1,161

 

 

 

1,165

 

Total

 

$

6,744

 

 

$

7,181

 

 

$

21,012

 

 

$

21,474

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Unaudited, U.S. Dollars, in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

$

1,424

 

 

$

1,389

 

 

$

4,512

 

 

$

3,852

 

Market-based stock options

 

 

94

 

 

 

447

 

 

 

371

 

 

 

1,685

 

Time-based restricted stock units

 

 

3,128

 

 

 

3,371

 

 

 

9,594

 

 

 

9,893

 

Market-based / performance-based restricted stock units

 

 

1,766

 

 

 

1,585

 

 

 

5,389

 

 

 

4,655

 

Stock purchase plan

 

 

332

 

 

 

389

 

 

 

1,146

 

 

 

1,389

 

Total

 

$

6,744

 

 

$

7,181

 

 

$

21,012

 

 

$

21,474

 

During each of the three months ended September 30, 2026, and 2025, the Company issued fewer than 0.1 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock units. During the nine months ended September 30, 2026, and 2025, the Company issued 0.9 million and 1.0 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock units.