Stock-based Compensation |
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| Stock-based Compensation | Stock-based Compensation The Company’s 2019 Omnibus Stock Incentive Plan (the “2019 Plan”) provides for granting stock options, restricted stock awards, and restricted stock units to employees, directors, contractors and consultants of the Company. As of March 31, 2024, there were approximately 228,959 shares available for future grants under the 2019 Plan.
Restricted Stock Awards
Following is the restricted stock award activity for the three months ended March 31, 2024:
Restricted Stock Unit Awards
During 2023, the Company commenced granting restricted stock units to employees and agents.
The following is the restricted stock unit award activity for the three months ended March 31, 2024:
Stock Option Awards
There were no stock option awards granted during the three-month period ended March 31, 2024.
Stock-based Compensation expense
Stock-based compensation expense related to all awards issued under the Company’s stock compensation plans for the three months ended March 31, 2024 and 2023 was as follows (amounts in thousands):
At March 31, 2024, the total unrecognized compensation cost related to nonvested restricted stock awards was $2.4 million, which is expected to be recognized over a weighted average period of approximately 6 months.
At March 31, 2024, the total unrecognized compensation cost related to nonvested restricted stock units was $5.6 million, which the Company expects to recognize over a weighted average period of approximately 1 year.
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