Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity under the Company’s plans for the three months ended March 31, 2022 is as follows:
 
Number of
Shares
Weighted Average Exercise Price
Options outstanding at December 31, 2021 2,961,195  $ 25.46 
Options granted 1,218,481  $ 25.03 
Less:
Options exercised 471,609  $ 13.70 
Options forfeited 747,269  $ 29.56 
Options outstanding at March 31, 2022 2,960,798  $ 26.11 
Exercisable at March 31, 2022 1,343,021  $ 19.37 
Summary of Fair Value of Each Stock Option Award Granted The fair value of each stock option award granted during the three months ended March 31, 2022 was estimated as of the grant date using a Black-Scholes model with the following weighted average assumptions:
  Three Months Ended
March 31, 2022
Expected term (in years)
4 - 5.5
Risk-free interest rate (%) 1.6%
Expected volatility (%)
42% - 49%
Dividend yield (%)
Weighted average grant date fair value per share $9.98
Summary of Restricted Stock Activity A summary of the restricted stock activity under the Company’s plans for the three months ended March 31, 2022 is as follows:
Number of Restricted
Shares
Weighted Average Grant Date Fair Value
Nonvested at December 31, 2021 851,403  $ 36.00 
Granted 516,014  $ 25.67 
Vested (171,687) $ 35.13 
Forfeited (357,205) $ 30.71 
Nonvested at March 31, 2022 838,525  $ 32.07