Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation
NOTE 6 — STOCK-BASED COMPENSATION
The Company's Stock Incentive Plan allows for grants of incentive stock options, non-statutory stock options, restricted stock awards, restricted stock units, and other stock-based or cash-based awards. The Company uses original issuance shares to satisfy share-based payments.
STOCK-BASED COMPENSATION EXPENSE

Stock-based compensation expense consisted of the following:
STOCK OPTIONSDuring the nine months ended September 30, 2023, the Company granted a total of 499,440 stock options at a weighted average grant date fair value of $22.61 per option. As of September 30, 2023, unrecognized costs related to outstanding stock options totaled $14.9 million, before any related tax benefit. These unrecognized costs related to stock options are expected to be recognized over a weighted average remaining period of 2.28 years.RESTRICTED STOCK UNITSDuring the nine months ended September 30, 2023, the Company granted 286,951 restricted stock units at a weighted average grant date fair value of $82.55 per restricted stock unit. As of September 30, 2023, unrecognized costs related to outstanding restricted stock units totaled $28.7 million, before any related tax benefit. These unrecognized costs related to restricted stock units are expected to be recognized over a weighted average remaining period of 2.58 years.