Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.22.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table summarizes RSU Equity Award activity for the year ended December 31, 2022:
RSU Equity Awards (In thousands) Weighted Average Grant-Date Fair Value per Share
Unvested at the beginning of the year 968  $34.04 
Granted 396  $57.85 
Vested (376) $35.32 
Forfeited (188) $35.95 
Unvested at the end of the year 800  $44.79 
Schedule of Shares that Vested and Did Not Vest
The following table summarizes the shares that vested and did not vest as a result of the Company’s performance as compared to its peers.
Years Ended December 31,
Performance-based Equity Awards 2022 2021 2020
Vesting Multiplier 18  % 50  %
50% - 100%
Target 86,455 28,356 21,920
Vested at end of performance period 15,559 14,177 11,372
Did not vest at end of performance period 70,896 14,179 10,548
Schedule of Fair Value Inputs The following table
summarizes the assumptions used and the resulting grant date fair value per performance-based RSU Equity Award granted during the year ended December 31, 2020:
Performance-based Awards June 29, 2020 January 31, 2020
Expected term (in years) 2.5 2.9
Expected volatility 113.2  % 54.8  %
Risk-free interest rate 0.2  % 1.3  %
Dividend yield —  % —  %
Schedule of Share-based Compensation Expense The following table presents share-based compensation expense (benefit), net for each respective period:
Years Ended December 31,
2022 2021 2020
(In thousands)
RSU Equity Awards $15,535  $13,230  $13,030 
Cash-Settled Awards (7,493) 12,627  (4,115)
8,042  25,857  8,915 
Less: amounts capitalized to oil and gas properties (5,535) (12,934) (6,252)
Total share-based compensation expense, net $2,507  $12,923  $2,663