XML 45 R34.htm IDEA: XBRL DOCUMENT v3.26.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit, Vesting Information
A summary of the quantity and vesting conditions for stock-based units granted to the Company’s employees for the nine months ended September 30, 2026 was as follows:
Vesting conditionsNumber of Restricted Stock Units Granted
Performance and service conditions - Type 1 (1) (3)
10,695 
Performance and service conditions - Type 1 (2) (3)
240,722 
Service conditions only - Type 2 (4)
50,619 
Total shares of stock award granted302,036 

1.The performance conditions with respect to restricted stock units may be satisfied as follows: 
a.For grants to Corporate office employees subject to 2025 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a group adjusted EBITDA.

2.The performance conditions with respect to restricted stock units may be satisfied as follows: 
a.For grants to Corporate office employees subject to 2026 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a group adjusted EBITDA, corporate costs, and other qualitative factors.

3.To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows:
a.33% for Type 1 of the restricted stock units will vest on the first anniversary of the grant date;
b.33% for Type 1 of the restricted stock units will vest on the second anniversary of the grant date; and
c.34% for Type 1 of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.

4.To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows
a.100% for Type 2 of the restricted stock units will vest on the first anniversary of the grant date.
Schedule of Stock-based Compensation Expense
For the three and nine months ended September 30, 2026 and 2025, the Company’s stock-based compensation expense related to restricted stock units and restricted shares of common stock were as follows:
Three Months Ended
 September 30,
Nine Months Ended
September 30,
2026202520262025
Restricted stock units $785 $369 $1,976 $998 
Schedule of Changes in Restricted Stock Units and Shares
Changes in the Company’s restricted stock units for the nine months ended September 30, 2026 and 2025 were as follows:

Nine Months Ended September 30, 2026
Performance-basedTime-based/Director Total
Number of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1, 2026
62,266 $13.64 197,485 $11.75 259,751 $12.20 
Granted251,417 $9.91 50,619 $11.41 302,036 $10.16 
Vested(19,973)$14.23 (57,275)$9.87 (77,248)$11.00 
Forfeited(23,508)$13.16 — $— (23,508)$13.16 
Unvested restricted stock units at September 30, 2026
270,202 $10.17 190,829 $12.22 461,031 $11.02 


Nine Months Ended September 30, 2025
Performance-basedTime-based/Director Total
Number of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1, 2025
55,591 $17.58 128,474 $14.96 184,065 $15.75 
Granted48,688 $13.15 63,159 $9.37 111,847 $11.02 
SOC Grants assumed22,717 $15.17 6,046 $14.07 28,763 $14.94 
Vested(14,037)$25.48 (15,823)$11.57 (29,860)$18.11 
Forfeited(48,311)$14.87 (3,264)$20.97 (51,575)$15.26 
Unvested restricted stock units at September 30, 2025
64,648 $13.71 178,592 $13.14 243,240 $13.29