Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.22.2.2
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The table below summarizes RSU activity for the nine months ended September 30, 2022:
RSUs
Weighted-
Average Grant
Date
Fair Value
(per unit)
Outstanding at December 31, 2021
851,020  $ 17.23 
Granted 926,856  $ 20.93 
Vested (1)
(627,653) $ 17.18 
Forfeited (180,350) $ 18.51 
Outstanding at September 30, 2022
969,873  $ 20.57 
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(1) Vested RSUs include 129,394 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 nine months ended September 30, 2022:
PSUs
Weighted-
Average Grant
Date
Fair Value
(per unit)
Outstanding at December 31, 2021
—  $ — 
Granted 376,028  $ 26.39 
Vested (4,737) $ 26.84 
Forfeited (18,521) $ 26.84 
Outstanding at September 30, 2022
352,770  $ 26.36
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
$ 22.44
Volatility
49.0  %
Risk-free interest rate
2.6  %
Grant date fair value per target ATSR PSU $ 28.10