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Incentive Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Summary of Fair Value of AOLTIP Unit Estimated Using Option-Pricing Model The fair value of the AOLTIP unit is estimated using an option-pricing model with the following weighted average assumptions for grants in the year ended December 31, 2021.

 

 

For the Year Ended

December 31, 2021

 

Expected volatility

 

34.0%

 

Expected life

 

4.8 years

 

Risk free interest rate

 

0.6%

 

Expected dividend yield

 

3.0%

 

 
Performance Programs [Member]  
Summary of LTIP Unit and Restricted Stock Activity The following table summarizes our LTIP unit activity granted under the Performance Programs for the year ended December 31, 2021.

 

Units

 

 

Weighted-Average

Grant-Date Fair Value (per unit)

 

Unvested as of December 31, 2020

 

3,780,792

 

 

$

5.93

 

Granted

 

1,687,202

 

 

 

4.33

 

Earned and Vested

 

-

 

 

 

-

 

Cancelled or expired

 

(1,368,107

)

 

 

5.05

 

Unvested as of December 31, 2021

 

4,099,887

 

 

$

5.57

 

 
Restricted Stock [Member]  
Summary of LTIP Unit and Restricted Stock Activity The table below summarizes our restricted stock activity for the year ended December 31, 2021.

 

Shares

 

 

Weighted-Average

Grant-Date Fair Value (per share)

 

Unvested as of December 31, 2020

 

168,708

 

 

$

13.44

 

Granted

 

180,861

 

 

 

8.76

 

Vested

 

(80,562

)

 

 

12.76

 

Cancelled or expired

 

(38,461

)

 

 

10.84

 

Unvested as of December 31, 2021

 

230,546

 

 

$

10.44

 

 

 
Employee Stock Option [Member]  
Summary of Stock Option Activity

The following table summarizes our stock option activity for the year ended December 31, 2021.

 

 

 

Shares

 

 

Weighted-Average

Exercise Price

(per share)

 

 

Weighted-Average

Remaining

Contractual Term (in years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of December 31, 2020

 

 

2,032,493

 

 

$

17.06

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Cancelled or expired

 

 

(21,500

)

 

 

17.50

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2021

 

 

2,010,993

 

 

$

17.06

 

 

 

3.7

 

 

$

-

 

Options vested and expected to vest as of December 31, 2021

 

 

2,010,993

 

 

$

17.06

 

 

 

3.7

 

 

$

-

 

Options exercisable as of December 31, 2021

 

 

2,010,993

 

 

$

17.06

 

 

 

3.7

 

 

$

-

 
Long Term Incentive Plan [Member]  
Summary of LTIP Unit and Restricted Stock Activity The following table summarizes our LTIP unit activity for the year ended December 31, 2021.

 

Units

 

 

Weighted-Average

Grant-Date Fair Value (per unit)

 

Unvested as of December 31, 2020

 

1,724,809

 

 

$

12.36

 

Granted

 

1,056,395

 

 

 

8.20

 

Vested

 

(726,332

)

 

 

11.82

 

Cancelled or expired

 

(14,136

)

 

 

11.98

 

Unvested as of December 31, 2021

 

2,040,736

 

 

$

10.40

 

 
Appreciation Only Long Term Incentive Plan  
Summary of Stock Option Activity The following table summarizes our AOLTIP unit activity for the year ended December 31, 2021.

 

 

Shares

 

 

Weighted-Average

Exercise Price

(per unit)

 

 

Weighted-Average

Remaining

Contractual Term (in years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of December 31, 2020

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

Granted

 

 

2,171,875

 

 

 

8.63

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Cancelled or expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2021

 

 

2,171,875

 

 

$

8.63

 

 

 

6.1

 

 

$

-

 

AOLTIP units vested and expected to vest as of

   December 31, 2021

 

 

2,061,845

 

 

$

8.63

 

 

 

6.1

 

 

$

-

 

AOLTIP units exercisable as of December 31, 2021

 

 

600,000

 

 

$

8.63

 

 

 

6.1

 

 

$

-