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Capital Stock and Equity Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Shares of Capital Stock Reserved for Possible Future Issuance
Shares of capital stock reserved for possible future issuance were as follows:
As of December 31,
20222021
Shares reserved for issuance under outstanding restricted stock unit awards255,310 320,381 
Deferred compensation to be paid in stock, including deferred stock units6,850 9,500 
Additional shares reserved for issuance under Rogers Corporation 2019 Long-Term Equity Compensation Plan914,439 869,516 
Shares reserved for issuance under the Rogers Corporation Global Stock Ownership Plan for Employees(1)
59,611 65,163 
Total1,236,210 1,264,560 
(1) This is an employee stock purchase plan within the meaning of Section 432(b) of the Internal Revenue Code of 1986, as amended, that was suspended as of December 31, 2021, pursuant to the then-pending merger agreement with DuPont.
Schedule of Weighted-Average Assumptions Used
Below were the assumptions used in the Monte Carlo calculation for each material award granted in 2021 and 2020:
February 10, 2021February 12, 2020
Expected volatility51.0%41.0%
Expected term (in years)2.92.9
Risk-free interest rate0.18%1.41%
Schedule of Restricted Stock And Restricted Stock Activity
A summary of activity of the outstanding performance-based restricted stock units for 2021 and 2020 is presented below:
202220212020
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 1114,554 $196.23 111,059 $170.84 106,943 $161.33 
Awards granted26,819 176.33 41,507 258.17 87,244 131.99 
Stock issued(60,053)179.72 — — (75,486)111.54 
Awards forfeited(15,807)204.69 (38,012)189.69 (7,642)179.89 
Awards outstanding as of December 3165,513 $201.18 114,554 $196.23 111,059 $170.84 
A summary of activity of the outstanding time-based restricted stock units for 2022, 2021 and 2020 is presented below:
202220212020
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 196,989 $157.49 102,142 $120.16 101,685 $122.68 
Awards granted96,620 219.60 50,640 180.19 58,807 116.87 
Stock issued(48,253)183.00 (46,329)146.45 (50,868)111.16 
Awards forfeited(21,072)223.90 (9,464)146.58 (7,482)122.87 
Awards outstanding as of December 31124,284 $194.60 96,989 $157.49 102,142 $120.16 
A summary of activity of the outstanding deferred stock units for 2022, 2021 and 2020 is presented below:
202220212020
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 19,500 $173.82 12,450 $113.96 7,150 $170.89 
Awards granted4,800 272.12 6,450 188.60 10,400 108.88 
Stock issued(7,450)183.20 (9,400)104.68 (5,100)183.40 
Awards outstanding as of December 316,850 $232.51 9,500 $173.82 12,450 $113.96