Quarterly report [Sections 13 or 15(d)]

Equity Compensation (Tables)

v3.26.1
Equity Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Monte Carlo Simulation Assumptions

The Monte Carlo simulation assumptions used for the period presented were as follows:

 

 

 

Three Months Ended March 31,

 

 

2026

Risk free interest rate

 

 

3.5

 

%

Annualized volatility

 

 

95.6

 

%

Dividend yield

 

 

 

%

Expected term (in years)

 

 

2.8

 

 

Summary of Stock-Based Compensation Expense Aggregate stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows:

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Selling, general and administrative

 

$

1,984

 

 

$

3,281

 

Total stock-based compensation expense, before tax

 

 

1,984

 

 

 

3,281

 

Income tax benefit

 

 

124

 

 

 

109

 

Total stock-based compensation expense, after tax

 

$

1,860

 

 

$

3,172

 

Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for RSUs for the three months ended March 31, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

2,037

 

 

$

9.53

 

Issued

 

 

1,884

 

 

 

5.05

 

Vested

 

 

(227

)

 

 

14.74

 

Forfeited, expired, or canceled

 

 

(483

)

 

 

8.95

 

Outstanding at March 31, 2026

 

 

3,211

 

 

$

6.74

 

 

Performance Based Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for PSUs for the three months ended March 31, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

324

 

 

$

8.09

 

Issued

 

 

499

 

 

 

5.32

 

Vested

 

 

(63

)

 

 

3.97

 

Forfeited, expired, or canceled

 

 

(48

)

 

 

5.42

 

Outstanding at March 31, 2026

 

 

712

 

 

$

6.79