Subsequent Events |
6 Months Ended |
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Jun. 30, 2023 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note S – Subsequent Events
On July 3, 2023, the Company’s board of directors approved the grant of up to 701,096 shares of performance-based restricted stock units (“PSUs”) and 1,693,596 shares of restricted stock units (“RSUs”) to certain officers, managers and other eligible employees pursuant to the Plan. The contractual terms and vesting conditions for the PSU and RSU awards are consistent with previous grants described in Note N – Equity-Based Compensation with the exception that the PSU award represents a contingent right to receive between 0 and 2 shares of the Company’s common stock per PSU depending upon the closing price per share on December 31, 2025, the end of the performance period. The fair value of the RSUs will be determined based on the closing price per share of common stock as of the grant date, while the fair value of the PSUs will be determined on the grant date using the Monte-Carlo valuation model.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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