Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

v3.22.2.2
Stock-based Compensation
9 Months Ended
Sep. 30, 2022
Stock-based Compensation  
Stock-based Compensation

Note 13. Stock-based Compensation

Stock-based compensation related to the Company’s stock plans was as follows (amounts in thousands):

Three Months Ended

    

Nine Months Ended

September 30, 

September 30, 

    

2022

    

2021

    

2022

    

2021

Commission and other agent-related cost

$

476

$

470

$

2,102

$

1,359

Operations and support

509

949

167

Technology and development

 

125

 

 

203

 

573

General and administrative

932

295

3,010

687

Marketing

81

206

47

Total stock-based compensation

$

2,123

$

770

$

6,470

$

2,833

During the three and nine months ended September 30, 2022, the Company capitalized approximately $0.1 million and $0.2 million, respectively, of stock-based compensation expense associated with the cost of developing software for internal use. During the three and nine months ended September 30, 2021, the Company capitalized approximately $0.1 million of stock-based compensation expense associated with the cost of developing software for internal use.

During the three and nine months ended September 30, 2022, the Company accrued $0.3 million and $0.23 million of stock compensation expense related to stock compensation earned but yet to be issued to agents. At September 30, 2022, a total of $0.5 million related to agent grant liabilities is included in accrued compensation.

At September 30, 2022, total unrecognized compensation cost related to non-vested restricted stock awards was $10.7 million, which is expected to be recognized over a period of approximately 1.37 years.

During the nine months ended September 30, 2022, the Company granted 662,217 restricted stock awards at a weighted-average grant-date fair value of $9.73.

During the nine months ended September 30, 2022 the Company granted 103,711 stock options at an exercise price of $8.22. At September 30, 2022, unrecognized compensation cost related to stock options was $0.4 million which will be recognized over 0.87 years.