Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation and Other Benefit Plans (Tables)

v3.26.1
Stock-Based Compensation and Other Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2026
Stock-Based Compensation and Other Benefit Plans  
Schedule of stock option activity

Weighted

  ​ ​ ​

Weighted

Average

Average

Aggregate

Exercise

Contractual 

Intrinsic

Number of

Price

Remaining Term

Value

Shares

Per Share

(in years)

(in thousands)

Outstanding as of January 1, 2026

2,153,457

$

21.42

 

5.23

$

14,520

Granted

 

 

 

 

  ​

Exercised

 

(33,278)

 

15.58

 

 

  ​

Forfeited, expired or cancelled

 

 

 

  ​

Outstanding as of March 31, 2026

2,120,179

$

21.51

 

5.01

$

22,107

Exercisable as of March 31, 2026

2,000,971

$

21.39

4.90

$

21,188

Vested and expected to vest as of March 31, 2026

2,120,179

$

21.51

 

5.01

$

22,107

Schedule of grant date fair values of PSUs granted

The grant date fair values of the PSUs granted in the three months ended March 31, 2026 were estimated as follows:

Derived

Hurdle Price

Number of

Fair Value

Service Period

Per Share

PSUs

Per Share

(in years)

$

30.00

6,000

 

$

16.53

0.12

$

33.00

113,806

$

22.99-23.51

0.40-0.42

$

35.00

6,000

 

$

10.36

0.19

$

38.00

113,807

$

21.10-21.61

0.67-0.69

$

40.00

9,000

 

$

6.22

0.23

$

43.00

113,809

$

19.37-19.83

0.90-0.92

$

45.00

9,000

$

3.63

0.25

$

48.00

113,811

$

17.76-18.20

1.10-1.11

485,233

Schedule of performance shares, outstanding activity

Weighted

Average

Grant Date

Number of

Fair Value

Unvested PSUs

Per Share

Unvested balance as of January 1, 2026

379,907

$

15.69

Granted

 

485,233

 

19.89

Vested

 

(23,698)

 

17.11

Forfeited

 

Unvested balance as of March 31, 2026

841,442

$

18.07

Vested and expected to vest as of March 31, 2026

723,030

$

18.70

Schedule of restricted stock unit awards activity

Weighted

Average

Grant Date

Number of

Fair Value

Unvested RSUs

Per Share

Unvested balance as of January 1, 2026

29,855

$

25.12

Granted

 

326,619

 

26.87

Vested

 

 

Forfeited

 

Unvested balance as of March 31, 2026

356,474

$

26.72

Vested and expected to vest as of March 31, 2026

356,474

$

26.72

Summary of stock-based compensation expense The following table shows total stock-based compensation expense for stock options, PSUs, RSUs, and ESPP in the condensed consolidated statements of operations (in thousands):

Three Months Ended March 31, 

2026

2025

Equity-classified awards

$

1,969

$

1,983

Liability-classified awards

312

Total stock-based compensation expense

$

2,281

$

1,983