| Summary of Activity Related to Restricted Stock Awards and Units |
Following is the restricted stock award activity for the three and six months ended June 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average
Grant Date
Fair Value |
| Nonvested at December 31, 2023 |
1,766,417 |
|
$ |
10.01 |
|
| Granted |
244,122 |
|
2.63 |
|
| Vested |
(595,108) |
|
8.61 |
|
| Forfeited |
(168,903) |
|
9.19 |
|
| Nonvested at March 31, 2024 |
1,246,528 |
|
$ |
9.34 |
|
| Granted |
105,632 |
|
|
1.64 |
| Vested |
(452,387) |
|
|
6.96 |
| Forfeited |
(73,458) |
|
|
5.82 |
| Nonvested at June 30, 2024 |
826,315 |
|
|
$ |
9.98 |
|
The following is the restricted stock unit award activity for the three and six months ended June 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average
Grant Date
Fair Value |
| Nonvested at December 31, 2023 |
2,191,297 |
|
$ |
4.94 |
|
| Granted |
597,965 |
|
2.02 |
|
| Vested |
(91,686) |
|
3.83 |
|
| Forfeited |
(66,192) |
|
4.63 |
|
| Nonvested at March 31 2024 |
2,631,384 |
|
$ |
4.32 |
|
| Granted |
423,204 |
|
1.70 |
| Vested |
(137,285) |
|
4.51 |
| Forfeited |
(139,588) |
|
3.95 |
| Nonvested at June 30, 2024 |
2,777,715 |
|
$ |
3.93 |
|
|
| Schedule of Stock Based Compensation |
Stock-based compensation expense related to all awards issued under the Company’s stock compensation plans for the three and six months ended June 30, 2024 and 2023 was as follows (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| Commission and other agent-related cost |
$ |
713 |
|
|
$ |
1,070 |
|
|
$ |
1,568 |
|
|
$ |
2,068 |
|
| Operations and support |
116 |
|
|
283 |
|
|
298 |
|
|
485 |
|
| Technology and development |
37 |
|
|
50 |
|
|
92 |
|
|
72 |
|
| General and administrative |
1,584 |
|
|
1,645 |
|
|
3,064 |
|
|
3,152 |
|
| Marketing |
49 |
|
|
137 |
|
|
129 |
|
|
228 |
|
| Total stock-based compensation |
$ |
2,499 |
|
|
$ |
3,185 |
|
|
$ |
5,151 |
|
|
$ |
6,005 |
|
|