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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of stock-based compensation expense

Stock-based compensation expense

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

 

2022

 

 

2021

 

Equity-settled awards

 

 

 

 

1,339

 

 

 

796

 

Cash-settled awards

 

 

 

 

(37

)

 

 

298

 

 

 

 

 

 

1,302

 

 

 

1,094

 

 

Summary of RSUs, Share Awards, PSUs, DSUs Activity

The following summarizes RSUs, Share Awards (as defined below), 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

 

 

1,890,987

 

 

 

878,601

 

 

 

-

 

 

 

-

 

 

 

31,837

 

Forfeited

 

 

(5,588

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at March 31, 2021

 

 

4,299,465

 

 

 

1,078,601

 

 

 

-

 

 

 

197,471

 

 

 

395,501

 

Outstanding at December 31, 2021

 

 

3,216,536

 

 

 

1,021,739

 

 

 

-

 

 

 

157,200

 

 

 

361,577

 

Granted

 

 

2,109,205

 

 

 

863,279

 

 

 

162,682

 

 

 

-

 

 

 

180,314

 

Vested

 

 

(393,016

)

 

 

-

 

 

 

(94,528

)

 

 

-

 

 

 

-

 

Withheld to settle employee tax obligations

 

 

(60,039

)

 

 

-

 

 

 

(68,154

)

 

 

-

 

 

 

-

 

Forfeited

 

 

(614,151

)

 

 

(502,628

)

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at March 31, 2022

 

 

4,258,535

 

 

 

1,382,390

 

 

 

-

 

 

 

157,200

 

 

 

541,891

 

Schedule of Percentage of PRSUs Vest upon Increases of Share Price

 

 

% of PRSUs Vesting

 

 

 

 

33.3

%

 

 

50.0

%

 

 

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

 

 

 

 

(3,213

)

 

 

6.81

 

Outstanding at March 31, 2021

 

 

 

 

4,771,115

 

 

 

6.52

 

Outstanding at December 31, 2021

 

 

 

 

4,064,489

 

 

 

6.64

 

Forfeited

 

 

 

 

(1,740,915

)

 

 

6.40

 

Outstanding at March 31, 2022

 

 

 

 

2,323,574

 

 

 

6.82

 

Exercisable at March 31, 2022

 

 

 

 

2,069,176

 

 

 

6.71

 

 

Summary of options outstanding by range of exercise prices

Range of exercise prices outstanding at March 31, 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

 

 

 

 

22,537

 

 

 

2.64

 

 

 

4.12

 

 

 

15,025

 

 

 

2.64

 

 

 

4.12

 

C$5.01 – C$6.00

 

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

C$6.01 – C$7.00

 

 

 

 

1,549,833

 

 

 

1.63

 

 

 

6.36

 

 

 

1,543,901

 

 

 

1.63

 

 

 

6.36

 

C$7.01 – C$8.00

 

 

 

 

751,204

 

 

 

2.13

 

 

 

7.84

 

 

 

510,250

 

 

 

2.13

 

 

 

7.84

 

Total

 

 

 

 

2,323,574

 

 

 

 

 

 

 

 

 

 

 

2,069,176