Incentive Plans (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Share-based Payment Arrangement [Abstract] |
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| Schedule of Nonvested Share Activity |
The following table summarizes information about the unvested profit units and RSUs in Alclear that were reclassified to RSAs or RSUs in the Company:
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Alclear RSU’s |
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Weighted-
Average
Grant-Date
Fair Value |
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Profit Units |
|
Weighted-
Average
Grant-Date
Fair Value |
Unvested balance, January 1, 2021 |
453,350 |
|
|
$ |
14.51 |
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|
9,085,704 |
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|
$ |
1.12 |
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| Granted |
860,357 |
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|
15.33 |
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|
— |
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|
0.64 |
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| Vested |
— |
|
|
— |
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|
(345,703) |
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|
(0.40) |
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| Forfeited |
(25,479) |
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|
(15.36) |
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|
(881,227) |
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|
(0.90) |
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| Effect of reorganization |
(1,288,228) |
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|
(15.04) |
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(7,858,774) |
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1.17 |
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Unvested balance, December 31, 2021 |
—
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—
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—
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—
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| Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity |
The following is a summary of activity related to the RSAs associated with compensation arrangements during years ended December 31, 2021.
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RSA - Class A Common Stock |
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Weighted-
Average
Grant-Date
Fair Value |
|
RSA - Alclear Units |
|
Weighted-
Average
Grant-Date
Fair Value |
| Balance upon effect of reorganization* |
1,878,986 |
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$ |
1.03 |
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|
2,144,361 |
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$ |
1.29 |
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| Granted |
— |
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— |
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— |
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— |
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| Vested |
(226,034) |
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|
(1.10) |
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(1,953,803) |
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(1.29) |
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| Forfeited |
(223,069) |
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(0.95) |
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— |
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— |
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Unvested balance, December 31, 2021 |
1,429,883
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$ |
1.04
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190,558
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$ |
1.29
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| Share-based Payment Arrangement, Expensed and Capitalized, Amount |
Below is the compensation expense (credit) related to the RSAs:
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For the years ended |
|
December 31, 2021 |
|
December 31, 2020 |
|
December 31, 2019 |
| Cost of direct salaries and benefits |
$ |
(5) |
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|
$ |
51 |
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$ |
— |
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| General and administrative |
1,078 |
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|
1,056 |
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|
1,236 |
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| Research and development |
230 |
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|
317 |
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193 |
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| Sales and marketing |
(33) |
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|
34 |
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11 |
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| Total |
$ |
1,270
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$ |
1,458
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$ |
1,440
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Below is the compensation expense recognized related to the RSUs:
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For the years ended |
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|
December 31, 2021 |
|
December 31, 2020 |
|
December 31, 2019 |
| Cost of direct salaries and benefits |
|
$ |
321 |
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$ |
— |
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$ |
— |
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| General and administrative |
|
9,978 |
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— |
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— |
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| Research and development |
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6,488 |
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— |
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— |
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| Sales and marketing |
|
237 |
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— |
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— |
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| Total |
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$ |
17,024
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$ |
—
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$ |
—
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Below is a summary of total compensation expense recorded in relation to the Company’s incentive plans, excluding additional expense related to repurchases:
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For the years ended |
|
December 31, 2021 |
|
December 31, 2020 |
|
December 31, 2019 |
| RSAs |
$ |
1,270 |
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$ |
1,458 |
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$ |
1,440 |
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| RSUs |
17,024 |
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|
— |
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— |
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| Founder PSUs |
13,403 |
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— |
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— |
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| Total |
$ |
31,697
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$ |
1,458
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$ |
1,440
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For the years ended |
|
December 31, 2021 |
|
December 31, 2020 |
|
December 31, 2019 |
| Cost of direct salaries and benefits |
$ |
317 |
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$ |
51 |
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$ |
— |
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| General and administrative |
$ |
24,459 |
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$ |
1,056 |
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$ |
1,236 |
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| Research and development |
6,718 |
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|
317 |
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|
193 |
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| Sales and marketing |
203 |
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|
34 |
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|
11 |
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| Total |
$ |
31,697
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$ |
1,458
|
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$ |
1,440
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| Share-based Payment Arrangement, Restricted Stock Unit, Activity |
The following is a summary of activity related to the RSUs associated with compensation arrangements during years ended December 31, 2021:
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RSU’s |
|
Weighted-
Average
Grant-Date
Fair Value |
|
RSU-Class A Common Stock |
|
Weighted-
Average
Grant-Date
Fair Value |
| Balance upon effect of Reorganization* |
3,009,982 |
|
|
$ |
7.23 |
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|
2,113,672 |
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$ |
2.29 |
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| Granted |
1,880,506 |
|
|
34.77 |
|
|
— |
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— |
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| Vested |
(36,150) |
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(14.51) |
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(159,869) |
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(15) |
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| Forfeited |
(1,436,213) |
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(3.71) |
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(1,953,803) |
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(1.29) |
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Unvested balance, December 31, 2021 |
3,418,125
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$ |
23.56
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—
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$ |
—
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