Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.22.1
Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the three months ended March 31, 2021 using the following assumptions:
March 31,
2021
Expected volatility 57%
Expected dividends None
Expected term (years) 7
Risk-free rate 0.97%
Forfeiture rate 5%
Share-based Payment Arrangement, Option, Activity The information below summarizes the stock options activity for the three months ended March 31, 2022:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual Life
(Years)
Outstanding at December 31, 2021 595,089  $ 9.72  5.9
Granted —  — 
Exercised (4,972) 9.98 
Cancelled (2,418) 25.81 
Outstanding at March 31, 2022 587,699  $ 9.65  5.6
Exercisable at March 31, 2022 473,229  $ 6.55  5.1
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The information below summarizes the restricted stock activity for the three months ended March 31, 2022:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2021 27,720  $ 28.51 
Granted 35,333  41.54 
Vested (6,667) 19.05 
Cancelled —  — 
Non-vested at March 31, 2022 56,386  $ 37.79