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Stockholder's Equity (Tables)
3 Months Ended
Mar. 31, 2023
Federal Home Loan Banks [Abstract]  
Summary of Activity of Awards under Equity Incentive Plan
The following table summarizes the activity of the awards under the Equity Incentive Plan for the three months ended March 31, 2023:
 

 
  
Number

of RSUs
 
  
Number of

Performance

RSUs
 
Outstanding at December 31, 2022
     428,320        307,500  
Granted
     198,022        214,888  
Issuance of dividend equivalents
     9,485        —    
Vested
     (216,520      (97,500
    
 
 
    
 
 
 
Outstanding at March 31, 2023
     419,307        424,888  
The following table summarizes the activity of the awards under the Equity Incentive Plan for the three months ended March 31, 2022:
 

 
  
Number

of RSUs
 
  
Number of

Performance

RSUs
 
Outstanding at December 31, 2021
     342,159        217,500  
Granted
     237,986        90,000  
Issuance of dividend equivalents
     3,902        —    
    
 
 
    
 
 
 
Outstanding at March 31, 2022
     584,047        307,500  
Summary of Restricted Stock Units ("RSUs") and Performance RSU
During the three months ended March 31, 2023 and March 31, 2022, the Company granted the following restricted stock units (“RSUs”) and Performance RSU Awards to directors, executive officers and certain
non-executive
employees:
 

 
  
Units Granted
 
  
Fair Value

(in thousands)
 
  
Weighted Average

Grant Fair Value

Per Share
 
 
  
RSUs
 
  
Performance

RSUs
 
2023
     198,022        214,888      $ 3,729      $ 9.03  
2022
     237,986        90,000        5,753        17.54  
Summary of Recognized Compensation Expense for RSUs and Performance RSU
During the three months ended March 31, 2023 and March 31, 2022, the Company recognized net compensation expense for the RSUs and Performance RSU Awards as follows (in thousands):
 

                    
                    
                    
 
  
RSUs
 
  
Performance

RSUs
 
  
Total
 
                    
                    
                    
2023
   $ 643      $ 381     $ 1,024  
2022
     599        305       904