STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2022

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

7.    STOCK-BASED COMPENSATION

We recognized stock-based compensation expense as follows (amounts in thousands):

	Three Months Ended
	March 31,		March 31,
	2022		2021
Restricted stock	$	1,155	$	533
Performance stock		631		364
Stock appreciation rights		332		430
Stock options		6		17
Total stock-based compensation expense	$	2,124	$	1,344

Stock-based compensation expense is included within General and administrative expense in the consolidated statements of operations and comprehensive income.

During the three months ended March 31, 2022 and 2021, we granted the following stock-based compensation awards:

		Three Months Ended
		March 31,		March 31,
	2022		2021
		(Number of shares)
Performance stock (at maximum 200% attainment)		39,380		—
Restricted stock		28,220		—
Total equity awards granted		67,600		—

As of March 31, 2022, unrecognized compensation expense (expressed in thousands below) and weighted-average vesting period for each of our stock-based compensation awards were as follows:

	Unrecognized		Weighted-
	compensation		average vesting
	expense		period (years)
Restricted stock	$	9,377		2.6
Performance stock		6,760		2.5
Stock appreciation rights		1,296		1.2
Stock options		43		1.3