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

Number of

Weighted-

Number of

Weighted-

Number of

Weighted-

Time-Based

Average Grant

Performance-

Average Grant

Market-

Average Grant 

    

Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2023

 

6,980,707

$

22.83

 

2,749,939

$

26.30

 

50,000

$

59.43

Granted

 

5,874,554

15.07

819,020

15.14

 

Vested

 

(2,773,670)

25.81

(292,043)

35.59

 

Forfeited or expired

 

(97,332)

20.61

 

Non-vested as of March 31, 2023

 

9,984,259

17.46

 

3,276,916

22.68

 

50,000

59.43

Schedule of compensation expense recognized for share-based compensation

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

Three Months Ended

March 31, 

    

2023

    

2022

Payroll and related expense

$

4,457

$

6,204

Marketing, general and administrative expense

 

23,698

 

26,588

Total share-based compensation expense

$

28,155

$

32,792