Annual report [Section 13 and 15(d), not S-K Item 405]

Share-Based Compensation (Tables)

v3.25.0.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options

The following table summarizes share activity related to stock options:

 

 

Stock Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Fair Value

 

 

Remaining Average Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Options Outstanding, January 1, 2023

 

 

897

 

 

$

9.24

 

 

 

 

 

 

 

 

 

 

Granted

 

 

409

 

 

 

8.58

 

 

 

3.27

 

 

 

 

 

 

 

Options Outstanding, December 31, 2023

 

 

1,306

 

 

$

9.03

 

 

 

 

 

 

8.4

 

 

$

—

 

Granted

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding, December 31, 2024

 

 

1,306

 

 

$

9.03

 

 

 

 

 

 

7.4

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2024

 

 

883

 

 

$

9.26

 

 

 

 

 

 

7.2

 

 

$

—

 

Vested and expected to vest at December 31, 2024

 

 

1,306

 

 

$

9.03

 

 

 

 

 

 

7.4

 

 

$

—

 

 
Summary of Assumptions Utilized in Valuation of Stock Option Awards The following table summarizes the assumptions utilized in the valuation of the stock option award granted for the period noted.

 

 

For the Year Ended December 31, 2023

 

Expected dividend rate

 

 

1.4

%

Expected stock price volatility

 

 

28.8

%

Risk-free interest rate

 

 

4.0

%

Expected term of options (years)

 

 

10.0

 
Summary of Restricted Stock Units and Performance-based RSUs Activity

The following table summarizes share activity related to RSUs and performance-based RSUs (“PSUs”):

 

 

RSUs and PSUs

 

 

Weighted Average Grant Date Fair Value

 

 

 

(in thousands)

 

 

 

 

Nonvested RSUs and PSUs, January 1, 2023

 

 

3,115

 

 

$

8.90

 

Granted

 

 

1,788

 

 

 

8.38

 

Released

 

 

(647

)

 

 

8.93

 

Forfeited

 

 

(37

)

 

 

9.22

 

Performance-based share adjustment

 

 

(350

)

 

 

9.17

 

Nonvested RSUs and PSUs, December 31, 2023

 

 

3,869

 

 

$

8.65

 

Granted

 

 

3,366

 

 

 

5.91

 

Released

 

 

(1,636

)

 

 

8.83

 

Forfeited

 

 

(120

)

 

 

5.74

 

Performance-based share adjustment

 

 

(867

)

 

 

7.46

 

Nonvested RSUs and PSUs, December 31, 2024

 

 

4,612

 

 

$

6.89