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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] Ìý
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
 3,330Ìý $ 1,252Ìý
Granted —Ìý —Ìý
Vested —Ìý —Ìý
Cancelled and forfeited —Ìý —Ìý
Outstanding at March 31, 2022
 3,330Ìý $ 1,252Ìý
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
 —Ìý $ —Ìý
Granted 3,824Ìý 1,105Ìý
Vested —Ìý —Ìý
Cancelled and forfeited —Ìý —Ìý
Outstanding at March 31, 2022
 3,824Ìý $ 1,105Ìý
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
 —Ìý $ —Ìý
Granted 680Ìý 1,249Ìý
Vested —Ìý —Ìý
Cancelled and forfeited (85) 1,249Ìý
Outstanding at March 31, 2022
 595Ìý $ 1,249Ìý
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
 —Ìý $ —Ìý
Granted (1)
2,394Ìý 1,355Ìý
Vested —Ìý —Ìý
Cancelled and forfeited —Ìý —Ìý
Outstanding at March 31, 2022
 2,394Ìý $ 1,355Ìý
(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) $ 1,319Ìý $ —Ìý
General and administrative expenses (director awards) 186Ìý —Ìý
Total share-based compensation expense (1)
$ 1,505Ìý $ —Ìý
(1)The Company recognized a tax benefit of $0.3 million related to share-based compensation for the three months ended March 31, 2022.