Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.23.2
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
schedule of Restricted Stock Issued The following table summarizes the restricted stock issuances approved by Main Street’s Board of Directors under the Equity and Incentive Plan, net of shares forfeited, if any, and the remaining shares of restricted stock available for issuance as of June 30, 2023.
Restricted stock authorized under the plan 5,000,000
Less net restricted stock granted (552,077)
Restricted stock available for issuance as of June 30, 2023
 4,447,923
As of June 30, 2023, the following table summarizes the restricted stock issued to Main Street’s non-employee directors and the remaining shares of restricted stock available for issuance pursuant to the Main Street Capital Corporation
2022 Non-Employee Director Restricted Stock Plan. These shares are granted upon appointment or election to the board and vest on the day immediately preceding the annual meeting of stockholders following the respective grant date and are expensed over such service period.
Restricted stock authorized under the plan 300,000
Less net restricted stock granted (7,525)
Restricted stock available for issuance as of June 30, 2023
 292,475
Schedule of Summarized Restricted Stock Awards
Summarized RSA activity for the six months ended June 30, 2023 is as follows:
Six Months Ended June 30, 2023
Number Weighted-Average Grant-Date Fair Value
Restricted Stock Awards (RSAs): of Shares ( $ per share)
Non-vested, December 31, 2022
 817,401  $ 38.78 
Granted (1) 544,533  39.42 
Vested (1)(2)
 (398,914) 39.20 
Forfeited (11,486) 40.50 
Non-vested, June 30, 2023
 951,534  $ 40.48 
Aggregate intrinsic value as of June 30, 2023 (in thousands)
 $ 38,090  (3)
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(1)Restricted units generally vest over a three-year period from the grant date (as noted above).
(2)Vested shares included 151,058 shares withheld for payroll taxes paid on behalf of employees.
(3)Aggregate intrinsic value is the product of total non-vested restricted shares as of June 30, 2023 and $40.03 per share, the closing price of our common stock on June 30, 2023.