Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 31

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 31
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) $25.17 
 Unvested balance, December 31, 2023   442  $23.77 
 Granted   228  $35.29 
 Vested   (197) $26.86 
 Forfeited   (67) $26.58 
 Unvested balance, December 31, 2024   406  $28.27 

   The fair value of RSU awards vested is as follows:

       Year Ended December 31,  
   2024    2023  
 Fair value of RSU awards vested  $5,747  $4,893 

   Performance Restricted Stock Units Activity
    
   The following table presents the unvested balance of PRSU awards activity: 

           Weighted  
       Average  
   Number of    Grant Date  
   Units    Fair Value  
 Unvested balance, December 31, 2021   —  $— 
 Granted   73  $31.93 
 Vested   —  $— 
 Forfeited   (6) $32.02 
 Unvested balance, December 31, 2022   67  $31.92 
 Change in units based on performance expectations   (6) $32.02 
 Granted   134  $27.75 
 Vested   (2) $32.02 
 Forfeited   (1) $32.02 
 Unvested balance, December 31, 2023   192  $29.01 
 Change in units based on performance expectations   30  $22.37 
 Granted   73  $36.77 
 Vested   (60) $22.37 
 Forfeited   (20) $34.17 
 Unvested balance, December 31, 2024   215  $32.08 

   The fair value of PRSU awards vested is as follows:

       Year Ended December 31,  
   2024    2023  
 Fair value of PRSU awards vested  $2,370  $54 

   (6) Earnings Per Share
    
   The Company calculates basic and diluted earnings per share in accordance