Share-based Compensation

9 Months Ended

Sep. 30, 2022

Share-based Compensation

Share-based Compensation

12. Share-based Compensation

The Company recognized share-based compensation for share-based awards in Cost of goods sold, excluding depreciation and amortization, and Product, technology, general and administrative expenses as follows:

	Three Months Ended
	September 30,
	2022		2021
	(In thousands)
Cost of goods sold, excluding depreciation and amortization	$	-	$	10
Product, technology, general and administrative		1,507		2,156
Total share-based compensation	$	1,507	$	2,166

	Nine Months Ended
	September 30,
	2022		2021
	(In thousands)
Cost of goods sold, excluding depreciation and amortization	$	2	$	40
Product, technology, general and administrative		5,382		7,591
Total share-based compensation	$	5,384	$	7,631

In February 2022, the Company granted 247,161 shares of performance-based restricted stock units of its Class A common stock to certain employees, including the Company’s executive officers. Such units are subject to vesting conditions that are tied to the performance of the Company's stock price relative to the performance of a peer group of publicly traded companies’ stock price over a performance period beginning February 25, 2022 through February 25, 2025. The Company utilized the Monte Carlo simulation valuation model to value the grant as it was determined to include a market condition. The total grant date fair value was $1.3 million, and will be recognized on a straight-line basis over the performance period of three years.