Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Share-Based Compensation (Tables)

v3.23.1
Employee Benefits and Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of summary of restricted share unit activity

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Number of

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Weighted-

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Number of

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Weighted-

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Number of

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Weighted-

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Time-Based

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Average Grant

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Performance-

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Average Grant

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Market-

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Average Grant 

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Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2023

 

6,980,707

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$

22.83

 

2,749,939

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$

26.30

 

50,000

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$

59.43

Granted

 

5,874,554

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15.07

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819,020

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15.14

 

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—

Vested

 

(2,773,670)

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25.81

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(292,043)

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35.59

 

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Forfeited or expired

 

(97,332)

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20.61

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—

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—

 

—

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Non-vested as of March 31, 2023

 

9,984,259

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17.46

 

3,276,916

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22.68

 

50,000

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59.43

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Schedule of compensation expense recognized for share-based compensation

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The compensation expense recognized for share-based compensation for the periods presented include the following (in thousands):

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Three Months Ended

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March 31, 

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2023

    

2022

Payroll and related expense

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$

4,457

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$

6,204

Marketing, general and administrative expense

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23,698

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26,588

Total share-based compensation expense

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$

28,155

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$

32,792