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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the six months ended June 30, 2022:

 

 

 

Options

 

 

Weighted-
Avg
 Exercise
Price/Share

 

 

Weighted-
Average
Remaining
Contractual
Life (in
years)

 

 

Aggregate
Intrinsic
Value
(1)

 

Outstanding 1/1/22

 

 

340,903

 

 

$

9.86

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding 6/30/22

 

 

340,903

 

 

$

9.86

 

 

 

8.13

 

 

 

 

Vested or expected to vest

 

 

340,903

 

 

$

9.86

 

 

 

8.13

 

 

$

494

 

Exercisable at period end

 

 

68,177

 

 

 

 

 

 

 

 

 

99

 

Summary of Nonvested Restricted Stock Activity

The following table summarizes non-vested restricted stock activity for the quarter ended June 30, 2022:

 

 

 

Shares

 

Balance – January 1, 2022

 

 

181,811

 

Granted

 

 

 

Vested

 

 

 

Balance –June 30, 2022

 

 

181,811

 

Summary of Restricted Stock Fair Value

The following table summarizes the restricted stock fair value:

 

Date of Awards

 

Shares

 

 

Vesting
Period
(years)

 

Fair Value

 

August 2020

 

 

227,266

 

 

5

 

$

9.86