General form of registration statement for all companies including face-amount certificate companies

STOCK-BASED COMPENSATION (Tables)

v3.23.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]    
Schedule of RSU Activity
The following table summarizes Restricted Stock Units (“RSUs”) activities during the reporting period shown below:
Number of
awards
outstanding
 (in thousands)		 Weighted-
average
grant date
fair value
(per share)		 Aggregate
intrinsic
value
(in thousands)
Unvested RSUs at December 31, 2022 5,515  $ 6.69  $ 34,191 
Granted 4,230  1.72  7,297 
Vested (395) 6.78  (2,680)
Forfeited and canceled (123) 6.97  (859)
Unvested RSUs at March 31, 2023 9,227  $ 5.54  $ 37,949 
The following table summarizes RSUs activity during the reporting periods shown below:
Number of awards outstanding
(in thousands)		 Weighted-average grant date fair value
(per share)		 Aggregate intrinsic value
(in thousands)
Unvested RSUs at December 31, 2021 —  —  — 
Granted 5,789  $ 6.24  $ 36,101 
Vested (52) 6.88  (362)
Forfeited and canceled (222) 6.97  (1,548)
Unvested RSUs at December 31, 2022
5,515  $ 34,191 
Schedule of Share-Based Compensation Expense
The following is a summary of the Company’s share-based compensation expense and income tax benefit related to the RSUs for the reporting periods shown below:
Three Months Ended
March 31,
(In thousands, USD) 2023 2022
Total Stock Compensation Expense $ 2,570  $ 2,050 
Income tax benefit related to share-based compensation expense 246  264 
The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:
Years Ended
(In thousands, USD) December 31, 2022 December 31, 2021
Total Stock Compensation Expense $ 10,296  $ 4,564 
Unrecognized Compensation Cost 24,272  — 
Remaining recognition period (in years) 2.6 —