On February 22, 2022, the Company granted 189,640 time-based restricted share units (“RSUs”) to certain executive officers, of which one-third vested on March 7, 2022 and two-thirds are scheduled to vest on December 5, 2022.

The share-based compensation expense for the three months ended June 30, 2022 and 2021 was $2.8 million and $1.7 million, respectively, which is included as a component of salary, benefits and payroll taxes in the accompanying condensed consolidated statements of operations.

The share-based compensation expense for the six months ended June 30, 2022 and 2021 was $6.1 million and $5.4 million, respectively, which is included as a component of salary, benefits and payroll taxes in the accompanying condensed consolidated statements of operations.


RSUs Activity	Number of Awards			Weighted-Average Grant Date Fair Value

Outstanding at December 31, 2021		1,498,045		$	8.76
Granted		189,640			9.69
Vested		(109,818	)		12.26
Non-Vested share units as of June 30, 2022		1,577,867		$	8.63

The following is a summary of performance share units (“PSUs”) activity for the six months ended June 30, 2022:


PSUs Activity	Number of Performance-Based Awards			Weighted-Average Grant Date Fair Value

Outstanding at December 31, 2021		786,971		$	10.63
Vested		(176,332	)		11.35
Non-Vested share units as of June 30, 2022		610,639		$	10.42