| Outstanding Awards Under 2013 Omnibus Equity Incentive Plan |
Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data):
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RSA Grants to Non-employee
Directors |
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RSU Grants to
Independent
Contractors |
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Weighted-
Average Grant Date
Fair Value Per
Share |
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Nonvested shares at December 31, 2018 (1)
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27,096 |
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471,782 |
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392,697 |
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891,575 |
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$ |
27.59 |
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12,806 |
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260,274 |
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82,050 |
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355,130 |
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$ |
38.51 |
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(22,422 |
) |
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(186,311 |
) |
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(191,883 |
) |
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(400,616 |
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$ |
24.29 |
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— |
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(8,136 |
) |
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8,136 |
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— |
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$ |
29.68 |
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— |
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(12,494 |
) |
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(33,520 |
) |
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(46,014 |
) |
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$ |
30.65 |
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Nonvested shares at December 31, 2019 (1)
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17,480 |
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525,115 |
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257,480 |
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800,075 |
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$ |
33.91 |
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19,516 |
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322,910 |
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92,279 |
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434,705 |
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$ |
32.80 |
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(20,268 |
) |
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(170,291 |
) |
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(93,944 |
) |
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(284,503 |
) |
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$ |
32.74 |
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— |
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(18,294 |
) |
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18,294 |
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— |
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$ |
33.67 |
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— |
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(21,790 |
) |
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(10,108 |
) |
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(31,898 |
) |
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$ |
34.49 |
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Nonvested shares at December 31, 2020 (1)
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16,728 |
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637,650 |
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264,001 |
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918,379 |
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$ |
33.73 |
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13,323 |
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277,462 |
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90,430 |
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381,215 |
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$ |
39.03 |
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(16,728 |
) |
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(172,327 |
) |
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(88,198 |
) |
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(277,253 |
) |
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$ |
31.89 |
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— |
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(10,649 |
) |
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10,649 |
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— |
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$ |
34.98 |
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— |
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(34,357 |
) |
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(7,048 |
) |
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(41,405 |
) |
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$ |
33.47 |
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Nonvested shares at December 31, 2021 (1)
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13,323 |
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697,779 |
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269,834 |
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980,936 |
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$ |
36.32 |
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Unrecognized stock-based compensation expense as of December 31, 2021 (2)
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$ |
177 |
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$ |
20,389 |
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$ |
8,079 |
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$ |
28,645 |
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Weighted average remaining vesting period (years) as of December 31, 2021 |
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0.34 |
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3.42 |
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3.36 |
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3.38 |
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(1) |
Nonvested RSUs will be settled through the issuance of new shares of common stock. |
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(2) |
The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.38 years. |
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| Stock-Based Compensation Expense |
Components of stock-based compensation are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income and consisted of the following (in thousands):
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142 |
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168 |
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139 |
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RSAs – non-employee directors |
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463 |
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606 |
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643 |
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6,642 |
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6,003 |
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5,419 |
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RSUs – independent contractors |
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3,114 |
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3,128 |
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3,077 |
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10,361 |
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9,905 |
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9,278 |
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(1) |
Years ended December 31, 2020 and 2019 include expenses related to the acceleration of vesting of certain RSUs. |
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