Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.23.1
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock-based Compensation  
Summary of activity related to restricted stock awards and units

Restricted Stock Awards

    

    

Weighted Average

 Grant Date

Shares

 Fair Value

Nonvested at December 31, 2020

390,787

$

13.56

Granted

448,481

30.01

Vested

(86,205)

(29.12)

Forfeited

(35,966)

(12.90)

Nonvested at December 31, 2021

 

717,097

$

11.02

Granted

 

1,097,045

 

8.72

Vested

 

(302,869)

 

13.12

Forfeited

 

(136,128)

 

15.88

Nonvested at December 31, 2022

 

1,375,145

14.23

Restricted Stock Units

    

    

Weighted Average

 Grant Date

Shares

 Fair Value

Nonvested at December 31, 2021

 

$

Granted

 

392,564

 

6.58

Vested

 

 

Forfeited

 

 

Nonvested at December 31, 2022

 

392,564

$

6.58

Summary of stock option activity under the Plans

    

    

    

Weighted 

    

Average

Remaining

Weighted

 Contractual

Aggregate

Options

Average

Term in 

intrinsic value

Stock Options

Outstanding

Exercise Price

Years

(in thousands)

Balance at December 31, 2020

 

47,332

$

8.03

 

8.8

$

1,326

Granted

 

13,638

 

44

 

 

Exercised

 

(16,974)

 

4.71

 

 

Balance at December 31, 2021

 

43,996

$

20.46

 

8.5

$

510

Granted

 

103,711

 

8.22

 

9.67

 

Exercised

 

 

 

 

Balance at December 31, 2022

 

147,707

11.87

 

9.32

Options exercisable at December 31, 2022

 

43,996

20.46

 

7.23

Schedule of stock based compensation

Stock based compensation related to the Company’s 2017 and 2019 Plans are as follows (amount in thousands):

    

Year Ended December 31, 

2022

    

2021

Commission and other agent-related cost

 

$

2,920

 

$

1,501

Operations and support

609

441

Technology and development

79

417

General and administrative

5,334

1,539

Marketing

189

113

Total stock-based compensation

$

9,131

$

4,011