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Equity-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Activity of Unvested Restricted Stock and Stock Unit Awards

A summary of the activity of our unvested restricted stock and stock unit awards are presented in the following table:

 

 

Shares/units
 (in thousands)

 

 

Weighted
Average
Grant-Date
Fair Value

 

Unvested at December 31, 2018

 

 

1,416

 

 

$

10.65

 

Granted

 

 

437

 

 

 

5.39

 

Vested and distributed

 

 

(779

)

 

 

9.16

 

Forfeited

 

 

(81

)

 

 

10.74

 

Unvested at December 31, 2019

 

 

993

 

 

 

9.50

 

Granted

 

 

1,656

 

 

 

2.12

 

Vested and distributed

 

 

(820

)

 

 

5.44

 

Forfeited

 

 

(258

)

 

 

2.96

 

Unvested at December 31, 2020

 

 

1,571

 

 

 

4.90

 

Granted

 

 

1,151

 

 

 

7.21

 

Vested and distributed

 

 

(709

)

 

 

5.28

 

Forfeited

 

 

(239

)

 

 

3.21

 

Unvested at December 31, 2021

 

 

1,774

 

 

$

6.48

 

Summary of Vesting Provisions for Restricted Stock and Stock Unit Awards

The vesting provisions for the restricted stock and stock unit awards and the related number of shares granted during the year ended December 31 are as follows:

 

 

Shares/units (in thousands)

 

Vesting Terms

 

2021

 

 

2020

 

 

2019

 

33.3% within 30 days and 33.3% on the 1 and 2 year anniversary of grant date

 

 

494

 

 

 

12

 

 

 

 

20% per year for five years

 

 

492

 

 

 

 

 

 

 

100% immediately

 

 

135

 

 

 

129

 

 

 

186

 

25% immediately and 25% on the 1, 2 and 3 year anniversary of grant date

 

 

 

 

 

1,500

 

 

 

 

Other various vesting terms

 

 

30

 

 

 

15

 

 

 

251

 

Total restricted stock and stock units granted

 

 

1,151

 

 

 

1,656

 

 

 

437