Quarterly report pursuant to Section 13 or 15(d)

Stock Award Plans and Stock Based Compensation (Tables)

v3.22.1
Stock Award Plans and Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Stock Option Activity
See below for a summary of the stock options granted under the 2011 and 2018 plans:
2011 Plan 2018 Plan Non Plan Total
Beginning balance as of January 1, 2022 73  18,882,229  18,882,303 
Granted —  9,945,000  —  9,945,000 
Exercised —  —  —  — 
Expired (3) (101,267) —  (101,270)
Forfeited —  (269,712) —  (269,712)
Ending balance as of March 31, 2022 70  28,456,250  28,456,321 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Key weighted-average assumptions used to apply this pricing model during three months ended March 31, 2022 were as follows:
For the Three Months Ended March 31, 2022
Risk-free interest rate
1.50%
Expected life of option grants 5 years
Expected volatility of underlying stock
37.24%
Dividends assumption --
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table summarizes restricted stock based award activity granted:
Restricted Stock Grants
Beginning balance as of January 1, 2022 4,182,692 
Granted — 
Exercised — 
Expired — 
Forfeited (960,106)
Ending balance as of March 31, 2022 3,222,586