Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v3.21.1
Stock Incentive Plan (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity is as follows:
Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020 3,516,484  $12.79  5.93 $ 25,718 
Granted 482,400  $20.86 
Exercised (138,575) $5.02 
Cancelled (48,975) $13.86 
Outstanding, March 31, 2021 3,811,334  $14.08  6.19 $ 29,905 
Exercisable, March 31, 2021 2,239,791  $11.99  4.26 $ 22,543 
Schedule of Weighted-Average Assumptions for Options Granted
The Company used the following weighted-average assumptions for options granted during the periods indicated:
March 31, 2021
Expected term (in years) 5.93
Expected volatility 58.38   %
Risk free rate 1.14   %
Expected dividends —   %
Summary of Stock Unit Activity
A summary of the status of non-vested RSUs/PSUs as of March 31, 2021 and the changes during the three months then ended are presented below:
Outstanding Stock Units
Stock Units Weighted-Average Fair Value at Date of Grant per Share Weighted Average Remaining Vesting Life Aggregate Intrinsic Value (in thousands)
Unvested December 31, 2020 1,782,905  $ 15.23  1.83 $ 31,825 
Granted 774,464  $ 20.72 
Released (94,734) $ 19.08 
Forfeited (121,686) $ 16.55 
Unvested March 31, 2021 2,340,949  $ 16.82  2.09 $ 47,428