Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Stock Option Activity
A summary of the stock option activity under the Company’s plans for the six months ended June 30, 2022 is as follows:
 
Number of
Shares
Weighted Average Exercise Price
Options outstanding at December 31, 2021 2,961,195  $ 25.46 
Options granted 2,953,059  $ 15.80 
Less:
Options exercised 566,583  $ 12.65 
Options forfeited 1,316,107  $ 30.31 
Options outstanding at June 30, 2022 4,031,564  $ 18.59 
Exercisable at June 30, 2022 1,427,681  $ 22.60 
Schedule of Fair Value of Each Stock Option Award Granted The fair value of each stock option award granted during the six months ended June 30, 2022 was estimated as of the grant date using a Black-Scholes model with the following weighted average assumptions:
  Six Months Ended
June 30, 2022
Expected term (in years)
3 - 5.5
Risk-free interest rate (%) 2.5%
Expected volatility (%)
42% - 59%
Dividend yield (%)
Weighted average grant date fair value per share $6.70
Schedule of Restricted Stock Activity A summary of the restricted stock activity under the Company’s plans for the six months ended June 30, 2022 is as follows:
Number of Restricted
Shares
Weighted Average Grant Date Fair Value
Nonvested at December 31, 2021 851,403  $ 36.00 
Granted 1,778,000  $ 15.47 
Vested (309,100) $ 36.74 
Forfeited (817,912) $ 29.68 
Nonvested at June 30, 2022 1,502,391  $ 14.99