STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

6. STOCK-BASED COMPENSATION

The share-based compensation expense for the three months ended September 30, 2024 and 2023 was $2.0 million and $2.2 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 nine months ended September 30, 2024 and 2023 was $6.2 million and $7.0 million, respectively, which is included as a component of salary, benefits and payroll taxes in the accompanying condensed consolidated statements of operations.

The following is a summary of restricted share units (“RSUs”) activity for the nine months ended September 30, 2024:

RSUs Activity	Number of Awards			Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2023		700,846		$	12.91
Granted		95,705			17.11
Vested		(104,628	)		11.30
Forfeited		(14,902	)	$	11.45
Non-Vested share units as of September 30, 2024		677,021		$	13.78

The following is a summary of performance share units (“PSUs”) activity for the nine months ended September 30, 2024:

PSUs Activity	Number of Performance-Based Awards			Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2023		731,889		$	11.19
Granted		146,618			10.30
Vested		(153,662	)		10.30
Forfeited		(17,309	)		11.59
Non-Vested share units as of September 30, 2024		707,536		$	11.19