Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.22.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards and Units Activity
The following table summarizes activity related to RSAs for the three months ended March 31, 2022:

Restricted Stock Awards
Number of RSAs Grant-Date Fair Value per Share
Outstanding at December 31, 2021
 3,330  $ 1,252 
Granted —  — 
Vested —  — 
Cancelled and forfeited —  — 
Outstanding at March 31, 2022
 3,330  $ 1,252 
The following table summarizes activity related to RSUs for the three months ended March 31, 2022:

Restricted Stock Units
Number of RSUs Grant-Date Fair Value per Share
Outstanding at December 31, 2021
 —  $ — 
Granted 3,824  1,105 
Vested —  — 
Cancelled and forfeited —  — 
Outstanding at March 31, 2022
 3,824  $ 1,105 
The following table summarizes activity related to the RSAs under the 2021 Directors Plan for the three months ended March 31, 2022:
Restricted Stock Awards
Number of RSAs Grant-Date Fair Value per Share
Outstanding at December 31, 2021
 —  $ — 
Granted 680  1,249 
Vested —  — 
Cancelled and forfeited (85) 1,249 
Outstanding at March 31, 2022
 595  $ 1,249 
Schedule of Performance Share Units Activity
The following table summarizes activity related to PSUs for the three months ended March 31, 2022:

Performance Stock Units
Number of PSUs Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2021
 —  $ — 
Granted (1)
2,394  1,355 
Vested —  — 
Cancelled and forfeited —  — 
Outstanding at March 31, 2022
 2,394  $ 1,355 
(1)Includes 1,197 RTSR (as defined below) PSUs with a grant date fair value of $1,605 per share and 1,197 FCF (as defined below) PSUs with a grant date fair value of $1,105 per share.
Schedule of Share-Based Compensation Expense
The following table summarizes our share-based compensation expense by line item in the condensed consolidated statements of income (in thousands):
Three Months Ended
March 31,
2022 2021
Salaries and related employee expenses (employee awards) $ 1,319  $ — 
General and administrative expenses (director awards) 186  — 
Total share-based compensation expense (1)
$ 1,505  $ — 
(1)The Company recognized a tax benefit of $0.3 million related to share-based compensation for the three months ended March 31, 2022.