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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of stock-based compensation expense

Stock-based compensation expense

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Equity-settled awards

 

 

846

 

 

 

1,177

 

 

 

3,471

 

 

 

3,258

 

Cash-settled awards

 

 

72

 

 

 

(340

)

 

 

75

 

 

 

534

 

 

 

 

918

 

 

 

837

 

 

 

3,546

 

 

 

3,792

 

 

Summary of RSUs, Share Awards, PSUs, DSUs Activity

The following summarizes RSUs (as defined below), Share Awards, PSUs, and DSUs activity during the periods:

 

 

 

RSU Time-

 

 

RSU Performance-

 

 

Share

 

 

 

 

 

 

 

 

 

Based

 

 

Based

 

 

Awards

 

 

PSU

 

 

DSU

 

 

 

Number of

 

 

Number of

 

 

Number of

 

 

Number of

 

 

Number of

 

 

 

units

 

 

units

 

 

units

 

 

units

 

 

units

 

Outstanding at December 31, 2020

 

 

2,414,066

 

 

 

200,000

 

 

 

-

 

 

 

197,471

 

 

 

363,664

 

Granted

 

 

1,919,102

 

 

 

878,601

 

 

 

-

 

 

 

-

 

 

 

88,880

 

Vested

 

 

(650,898

)

 

 

(2,294

)

 

 

-

 

 

 

(34,635

)

 

 

(55,802

)

Withheld to settle employee tax obligations

 

 

(174,103

)

 

 

(1,960

)

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(237,910

)

 

 

(42,314

)

 

 

-

 

 

 

(5,636

)

 

 

-

 

Outstanding at September 30, 2021

 

 

3,270,257

 

 

 

1,032,033

 

 

 

-

 

 

 

157,200

 

 

 

396,742

 

Outstanding at December 31, 2021

 

 

3,216,536

 

 

 

1,021,739

 

 

 

-

 

 

 

157,200

 

 

 

361,577

 

Granted

 

 

2,303,287

 

 

 

863,279

 

 

 

162,682

 

 

 

-

 

 

 

890,832

 

Vested or settled

 

 

(2,019,550

)

 

 

(566,352

)

 

 

(94,528

)

 

 

-

 

 

 

(501,916

)

Withheld to settle employee tax obligations

 

 

(526,259

)

 

 

(242,460

)

 

 

(68,154

)

 

 

-

 

 

 

-

 

Forfeited

 

 

(734,855

)

 

 

(502,628

)

 

 

-

 

 

 

(157,200

)

 

 

-

 

Outstanding at September 30, 2022

 

 

2,239,159

 

 

 

573,578

 

 

 

-

 

 

 

-

 

 

 

750,493

 

Schedule of Percentage of PRSUs Vest upon Increases of Share Price

 

 

% of PRSUs Vesting

 

 

 

 

 

 

33.3

%

 

 

66.7

%

 

 

100.0

%

 

 

150.0

%

2022 and 2021 PRSUs

 

 

 

$

3.00

 

 

$

4.00

 

 

$

5.00

 

 

$

7.00

 

Summary of options granted, exercised, surrendered, forfeited and expired The following summarizes options granted, exercised, forfeited and expired during the periods:

 

 

 

 

 

Number of

 

 

Weighted average

 

 

 

 

 

options

 

 

exercise price C$

 

Outstanding at December 31, 2020

 

 

 

 

4,774,328

 

 

 

6.52

 

Forfeited

 

 

 

 

(39,094

)

 

 

7.07

 

Outstanding at September 30, 2021

 

 

 

 

4,735,234

 

 

 

6.51

 

Outstanding at December 31, 2021

 

 

 

 

4,064,489

 

 

 

6.64

 

Forfeited

 

 

 

 

(2,530,120

)

 

 

6.40

 

Outstanding at September 30, 2022

 

 

 

 

1,534,369

 

 

 

7.03

 

Exercisable at September 30, 2022

 

 

 

 

1,534,369

 

 

 

7.03

 

Summary of options outstanding by range of exercise prices

Range of exercise prices outstanding at September 30, 2022:

 

 

 

Options outstanding

 

 

Options exercisable

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

average

 

 

average

 

 

 

 

 

average

 

 

average

 

 

 

Number

 

 

remaining

 

 

exercise

 

 

Number

 

 

remaining

 

 

exercise

 

 Range of exercise prices

 

outstanding

 

 

life

 

 

price C$

 

 

exercisable

 

 

life

 

 

price C$

 

C$4.01 – C$5.00

 

 

15,025

 

 

 

2.14

 

 

 

4.12

 

 

 

15,025

 

 

 

2.14

 

 

 

4.12

 

C$6.01 – C$7.00

 

 

784,367

 

 

 

1.31

 

 

 

6.33

 

 

 

784,367

 

 

 

1.31

 

 

 

6.33

 

C$7.01 – C$8.00

 

 

734,977

 

 

 

1.63

 

 

 

7.84

 

 

 

734,977

 

 

 

1.63

 

 

 

7.84

 

Total

 

 

1,534,369

 

 

 

 

 

 

 

 

 

1,534,369