Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.22.2.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The table below summarizes RSU activity for the six months ended June 30, 2022:
RSUs
Weighted-
Average Grant
Date
Fair Value
(per unit)
Outstanding at December 31, 2021
851,020  $ 17.23 
Granted 707,705  $ 22.22 
Vested (1)
(316,903) $ 17.23 
Forfeited (164,004) $ 18.29 
Outstanding at June 30, 2022
1,077,818  $ 20.35 
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(1) Vested RSUs include 85,922 units that were not converted into Class A Common Stock due to net share settlements to cover employee withholding taxes.
The table below summarizes PSU activity for the six months ended June 30, 2022:
PSUs
Weighted-
Average Grant
Date
Fair Value
(per unit)
Outstanding at December 31, 2021
—  $ — 
Granted 364,117  $ 26.75 
Forfeited (12,580) $ 26.84 
Outstanding at June 30, 2022
351,537  $ 26.75
Schedule of Assumptions to Estimate the Fair Value
The fair value of the ATSR market-based performance objective was determined using Monte Carlo simulations with the following weighted-average assumptions:

Stock price
$ 22.67
Volatility
49.0  %
Risk-free interest rate
2.6  %
Grant date fair value per target ATSR PSU $ 28.53