XML 53 R41.htm IDEA: XBRL DOCUMENT v3.22.2
Employee Benefits Plans and Share-Based Compensation - Schedule of Restricted Stock and Performance Share Units Activity (Details)
6 Months Ended
Jun. 30, 2022
$ / shares
shares
Restricted Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Unvested beginning of the period | shares 1,983,199
Granted | shares 2,206,473
Vested | shares (931,994)
Forfeited | shares (54,968)
Unvested end of the period | shares 3,202,710 [1]
Unvested weighted average grant date fair value, beginning of the period | $ / shares $ 13.02
Unvested weighted average grant date fair value, granted | $ / shares 12.96
Unvested weighted average grant date fair value, vested | $ / shares 14.07
Unvested weighted average grant date fair value, forfeited | $ / shares 14.20
Unvested weighted average grant date fair value, end of the period | $ / shares $ 12.65 [1]
Performance Share Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Unvested beginning of the period | shares 1,015,459
Granted | shares 591,062 [2]
Forfeited | shares (16,486)
Cancelled | shares (975,564)
Unvested end of the period | shares 614,471
Unvested weighted average grant date fair value, beginning of the period | $ / shares $ 16.41
Unvested weighted average grant date fair value, granted | $ / shares 23.59 [2]
Unvested weighted average grant date fair value, forfeited | $ / shares 17.48
Weighted average grant date fair value, cancelled | $ / shares 16.42
Unvested weighted average grant date fair value, end of the period | $ / shares $ 23.27
[1] As of June 30, 2022, 23,708 of the unvested RSUs were accounted for as liability awards in “Accrued liabilities” on the Condensed Consolidated Balance Sheet.
[2] There were 295,531 PSUs granted that are eligible to vest based on continued employment and the Company’s annualized absolute total shareholder return (“TSR”) over a three-year performance period. An additional 295,531 PSUs were granted and are eligible to vest based on continued employment and the Company’s return (“PVI”) on the wells included in the 2022 drill program over a three-year performance period. The actual number of PSUs earned ranges between 0% and 200% depending on actual performance over the performance period. For the PVI PSUs, the Company recognizes compensation cost if and when the Company concludes that it is probable that the performance condition will be achieved. The Company reassesses the probability of achieving the performance conditions at each reporting date.