Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of restricted stock award and unit activity
The following table summarizes restricted stock unit activity for the Prior Successor Period and year ended December 31, 2022:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of May 18, 2021 —  $ —  —  $ — 
Granted 200,484  66.05  153,138  48.54 
Vested —  —  —  — 
Forfeited/canceled (2,071) 66.89  —  — 
Unvested shares as of December 31, 2021 198,413  $ 66.04  153,138  $ 48.54 
Granted 78,192  $ 96.90  37,666  $ 66.82 
Vested (67,564) 65.91  —  — 
Forfeited/canceled (11,269) 80.11  —  — 
Unvested shares as of December 31, 2022 197,772  $ 77.49  190,804  $ 52.15 
The following table summarizes restricted stock unit activity for the Prior Predecessor Period and the year ended December 31, 2020:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of December 31, 2019 4,098,318  $ 4.73  1,783,660  $ 2.96 
Granted 3,069,521  0.85  —  — 
Vested (1,294,285) 5.73  —  — 
Forfeited (4,171,041) 1.68  (943,065) 1.98 
Unvested shares as of December 31, 2020 1,702,513  $ 4.74  840,595  $ 4.07 
Granted —  —  —  — 
Vested (227,132) 8.45  —  — 
Forfeited/canceled (1,475,381) 4.16  (840,595) 4.07 
Unvested shares as of May 17, 2021 —  $ —  —  $ — 
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the year ended December 31, 2022:
Grant date April 29, 2022
Forecast period (years) 3
Risk-free interest rates 2.9%
Implied equity volatility 88.4%
Stock price on the date of grant $93.98