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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Time Based Restricted Stock Grant Activity

A summary of the Company’s performance-based restricted stock grant activity is as follows:

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant-Date

 

Time-Based Restricted Stock Grants

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2022

 

 

45,243

 

 

$

4.66

 

Granted

 

 

14,250

 

 

$

5.11

 

Vested

 

 

(10,641

)

 

$

4.57

 

Forfeited

 

 

(3,145

)

 

$

4.94

 

Unvested at June 30, 2023

 

 

45,707

 

 

$

4.80

 

Summary of Performance Based Grant Activity

A summary of the Company’s time-based restricted stock grant activity is as follows:

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant-Date

 

Performance-Based Restricted Stock Grants

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2022

 

 

25,891

 

 

$

5.07

 

Granted

 

 

23,726

 

 

$

5.11

 

Vested

 

 

(5,433

)

 

$

4.81

 

Unvested at June 30, 2023

 

 

44,184

 

 

$

5.12