Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes the Company’s restricted stock award activity for the periods indicated:

	For the Nine Months Ended September 30,
	2023			2022
	Number of Shares	Weighted-Average Grant Price Per Share		Number of Shares	Weighted-Average Grant Price Per Share
Non-vested restricted stock as of the beginning of the respective period	525,460	$	20.08	683,056	$	20.13
Granted	47,820	11.50		31,559	19.17
Vested	(28,690)	19.17		—	—
Forfeited	—	—		—	—
Non-vested restricted stock as of the end of the respective period	544,590	$	19.37	714,615	$	20.09

The following table summarizes the Company’s restricted stock unit activity for the periods indicated:

	For the Nine Months Ended September 30,
	2023			2022
	Number of Shares	Weighted-Average Grant Price Per Share		Number of Shares	Weighted-Average Grant Price Per Share
Non-vested restricted stock units as of the beginning of the respective period	972,325	$	21.08	—	$	—
Granted	318,577	15.63		978,364	21.08
Vested (1)	(231,407)	21.08		—	—
Forfeited	(3,199)	16.72		(6,039)	21.08
Non-vested restricted stock units as of the end of the respective period	1,056,296	$	19.45	972,325	$	21.08

(1)Includes 74,625 shares withheld upon settlement for employee taxes.

The following table summarizes the Company’s performance stock unit activity for the periods indicated:

	For the Nine Months Ended September 30,
	2023			2022
	Number of Shares	Weighted-Average Grant Price Per Share		Number of Shares	Weighted-Average Grant Price Per Share
Non-vested performance stock units as of the beginning of the respective period	533,676	$	21.12	—	$	—
Granted	108,984	10.16		533,676	21.12
Vested	—	—		—	—
Forfeited	—	—		—	—
Non-vested performance stock units as of the end of the respective period	642,660	$	19.26	533,676	$	21.12

Share-based Compensation Expense Under the 2021 Plan and the Related Tax Benefit

The following table shows share-based compensation expense under the 2021 Plan and the related tax benefit for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In millions)
Share-based compensation expense	$	3.7	$	3.6	$	11.4	$	8.1
Related tax benefit	1.0		1.0		3.2		2.3