Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Share-Based Compensation (Tables)

v3.23.2
Employee Benefits and Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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

 

5,933,520

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15.05

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919,890

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14.87

 

—

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—

Vested

 

(3,339,307)

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24.66

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(1,363,469)

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22.14

 

—

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—

Forfeited or expired

 

(201,540)

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18.85

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—

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—

 

(50,000)

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59.43

Non-vested as of June 30, 2023

 

9,373,380

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17.34

 

2,306,360

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24.20

 

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Schedule of summary of option activity

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Weighted-

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Number of Share Option Awards

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Weighted-Average Exercise Price

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Average

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Aggregate

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Time-

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Performance-

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Market-

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Time-

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Performance-

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Market-

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Contractual

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Intrinsic

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Based

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Based

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Based

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Based

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Based

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Based

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Term

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Value

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Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2023

 

4,198,595

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114,583

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208,333

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$

51.92

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$

59.43

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$

59.43

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2.29

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$

—

Forfeited and cancelled

 

(587,114)

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—

 

(208,333)

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45.11

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—

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59.43

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Outstanding as of June 30, 2023

 

3,611,481

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114,583

 

—

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53.03

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59.43

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—

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1.77

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—

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):

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2023

    

2022

    

2023

    

2022

Payroll and related expense

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$

4,876

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$

5,732

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$

9,333

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$

11,936

Marketing, general and administrative expense

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39,660

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24,316

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63,358

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50,904

Total share-based compensation expense

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$

44,536

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$

30,048

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$

72,691

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$

62,840