Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Unvested RSU and PSU Award Activity

The table below summarizes unvested RSU activity for the year ended December 31, 2021:

	Shares	Weighted-Average Grant Date Fair Value
Unvested RSUs at December 31, 2020	1,050,908	$	5.55
Granted	668,000	$	6.16
Forfeited	(20,266)	$	5.09
Vested	(926,825)	$	5.71
Unvested RSUs at December 31, 2021	771,817	$	5.91

The table below summarizes performance unit (“PSU”) activity for the year ended December 31, 2021:

	Shares	Weighted-Average Grant Date Fair Value
Unvested PSUs at December 31, 2020	1,879,425	$	7.65
Granted	1,099,800	$	10.85
Vested	(227,500)	$	13.75
Unvested PSUs at December 31, 2021	2,751,725	$	8.42

Schedule Of Total Shareholder Return Goals

0x to 2.0x of the Performance Units are eligible to be earned based on Earthstone achieving an annualized TSR based on the following pre-established goals:

Earthstone’s Annualized TSR	TSR Multiplier
20.5% or greater	2.0
14.5%	1.0
7.7%	0.5
Less than 7.7%	0.0

0x to 2.0x of the Performance Units are eligible to be earned based on Earthstone achieving an annualized TSR based on the following pre-established goals:

Earthstone’s Annualized TSR	TSR Multiplier
23.9% or greater	2.0
14.5%	1.0
8.4%	0.5
Less than 8.4%	0.0