Stock-Based Compensation |
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| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation |
Stock-Based Compensation Restricted Common Stock Awards
A summary of the restricted common stock awards ("RSAs") for the six months ended June 30, 2025 is as follows:
There was no RSA expense for the three months ended June 30, 2025. Total RSA expense for the six months ended June 30, 2025 was $0.1 million. Total expense of RSAs for the three and six months ended June 30, 2024 was $0.1 million and $0.4 million, respectively. As of June 30, 2025, there is no remaining compensation cost related to unvested RSAs as they have all been vested.
Restricted Stock Units
A summary of the restricted stock units ("RSUs") activity for the six months ended June 30, 2025 is as follows:
Total RSU expense, net of amounts capitalized, for the three and six months ended June 30, 2025 was $2.2 million and $2.8 million, respectively. Total expense of RSUs, net of amounts capitalized, for the three and six months ended June 30, 2024 was $1.5 million and $0.3 million, respectively. As of June 30, 2025, the total compensation cost related to unvested RSUs not yet recognized is $7.1 million. Unvested RSU expense not yet recognized is expected to be recognized over a weighted average period of 1.67 years.
On March 27, 2025, the Compensation Committee of the Company's Board of Directors approved a grant of 1,400,000 and 700,000 RSUs to each of Kathleen Valiasek and Craig Hurlbert, respectively. The RSUs will vest in equal quarterly increments over approximately two years beginning on July 1, 2025 and will continue to vest to the extent that they remain employed by the Company through each vesting date. On March 27, 2025, the Compensation Committee of the Company's Board of Directors also approved the acceleration of all RSUs previously granted to Kathleen Valiasek and Craig Hurlbert as of July 1, 2025.
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