Share-Based Payments (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Summary of restricted common stock vesting dates

The following is a summary of restricted equity awards vesting dates as of June 30, 2022 and December 31, 2021: 

	June 30, 2022	December 31, 2021
Vesting Date	Shares Vesting	Shares Vesting
March 2022	—	3,600
June 2022	—	8,116
June 2023	31,704	—
June 2024	10,000	—
Total	41,704	11,716

Schedule of shares issued under the company’s equity incentive plans

The following table presents information with respect to shares issued under the Company’s Equity Incentive Plans for the six months ended June 30, 2022 and June 30, 2021:

 

	June 30, 2022			June 30, 2021
	Restricted Stock Units	Weighted Average  Grant Date Fair  Value (1)		Restricted Stock Units	Weighted Average  Grant Date Fair  Value (1)
Outstanding at beginning of period	114,825	$	131.85	102,554	$	140.99
Granted (2)	43,577	12.74		8,623	32.47
Cancelled/forfeited	—	—		(2,546)	27.50
Outstanding at end of period	158,402	99.02		108,631	135.03
Unvested at end of period	41,704	$	12.52	11,716	$	56.19

(1)The grant date fair value of the awards is based on the closing market price of the Company’s common stock at the grant date.

(2)Includes 1,873 and 507 shares attributed to dividends on restricted stock under the Director Deferred Fee Plan for the six months ended June 30, 2022 and June 30, 2021, respectively.