v3.26.1
Share-based Compensation
6 Months Ended
Jun. 30, 2026
Share-based Compensation  
Share-based Compensation

Note 7 — Share-based Compensation

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Restricted share awards are issued to employees and to members of our board of directors that are subject to specified restrictions and a risk of forfeiture. The restrictions typically lapse over one to four years and may entitle holders to dividends and voting rights. Other types of share-based compensation include performance share awards, performance share units, and restricted share units (collectively with restricted share awards, “restricted shares”), as well as options to purchase common stock.

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Share-based compensation expense was recognized in the following line items in the Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025:

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Three months ended June 30,

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Six months ended June 30,

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  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

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(in thousands)

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Cost of sales

 

$

1,600

 

$

1,991

 

$

3,111

 

$

3,334

 

Research and development

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​

2,776

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​

3,014

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5,282

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​

6,062

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Selling, general, and administrative

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4,839

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4,646

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9,333

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​

9,463

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Total

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$

9,215

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$

9,651

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$

17,726

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$

18,859

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For the six months ended June 30, 2026, equity activity related to non-vested restricted shares and performance shares was as follows:

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Weighted

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Average

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Number of

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Grant Date

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Shares

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Fair Value

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(in thousands)

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Balance - December 31, 2025

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2,551

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$

28.89

Granted

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1,170

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31.82

Performance award adjustments

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117

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32.25

Vested

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(1,115)

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28.33

Forfeited

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(53)

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24.97

Balance - June 30, 2026

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2,670

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$

30.63

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