STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2023

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

6.    STOCK-BASED COMPENSATION

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

	Three Months Ended
	March 31,		March 31,
	2023		2022
Restricted stock	$	1,614	$	1,155
Performance stock		810		631
Stock appreciation rights		205		332
Stock options		7		6
Total stock-based compensation expense	$	2,636	$	2,124

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, 2023 and 2022, we granted the following stock-based compensation awards:

	Three Months Ended
	March 31,		March 31,
	2023	2022
	(Number of shares)
Performance stock (at maximum 200% attainment)	82,360		39,380
Restricted stock	56,530		28,220
Total equity awards granted	138,890		67,600

As of March 31, 2023, 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	$	11,230		2.3
Performance stock		8,893		2.3
Stock appreciation rights		312		0.4
Stock options		11		0.4