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Share-Based Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Outstanding Shares of Common Stock and Weighted-average Grant Date Fair Value Per Share

The following table details the outstanding shares of common stock and the weighted-average grant date fair value per share for shares granted under the Incentive Plan, as of December 31, 2020:

 

 

 

 

Common Stock

 

 

Weighted-

Average

Grant Date Fair

Value Per Share

 

Balance as of December 31, 2017

 

 

75,360

 

 

$

19.44

 

Granted

 

 

278,540

 

 

 

18.84

 

Vested

 

 

(19,352

)

 

 

19.44

 

Forfeited

 

 

(579

)

 

 

19.44

 

Balance as of December 31, 2018

 

 

333,969

 

 

$

18.94

 

Granted

 

 

396,410

 

 

 

20.52

 

Vested

 

 

(100,305

)

 

 

19.02

 

Forfeited

 

 

(6,068

)

 

 

18.78

 

Balance as of December 31, 2019

 

 

624,006

 

 

$

19.93

 

Granted

 

 

386,003

 

 

 

11.05

 

Vested

 

 

(121,018

)

 

 

20.30

 

Forfeited

 

 

 

 

 

 

Balance as of December 31, 2020

 

 

888,991

 

 

$

16.09

 

 

Schedule of Awarded Shares Vesting Period

Generally, the shares vest in installments over a four-year period, pursuant to the terms of the award and the Incentive Plan. The table below outlines how the awarded shares will vest over the next four years:

 

Vesting Year

 

Shares of

Common Stock

 

2021

 

 

434,517

 

2022

 

 

198,881

 

2023

 

 

159,066

 

2024

 

 

96,527

 

 

 

 

888,991