Annual report pursuant to Section 13 and 15(d)

Compensation Plans (Tables)

v3.24.0.1
Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023:
RSU Equity Awards (In thousands) Weighted Average Grant-Date Fair Value per Share
Unvested at the beginning of the year 800  $44.79 
Granted 654  $34.33 
Vested (374) $39.89 
Forfeited (225) $42.75 
Unvested at the end of the year 855  $39.46 
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
Vesting Multiplier 18  % 50  %
Target 86,455 28,356
Vested at end of performance period 15,559 14,177
Did not vest at end of performance period 70,896 14,179
Schedule of Share-based Compensation Expense The following table presents share-based compensation expense (benefit), net for each respective period:
Years Ended December 31,
2023
2022*
2021*
(In thousands)
RSU Equity Awards expense
 $14,658  $15,535  $13,230 
Cash-Settled Awards (benefit) expense
 (3,245) (7,493) 12,627 
Total share-based compensation expense, net
 $11,413  $8,042  $25,857 
*Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.