Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Share-Based Compensation (Tables)

v3.23.3
Employee Benefits and Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 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

 

6,051,412

15.19

1,155,674

16.35

 

Vested

 

(3,351,831)

24.66

(1,363,469)

22.14

 

Forfeited or expired

 

(416,871)

18.16

 

(50,000)

59.43

Non-vested as of September 30, 2023

 

9,263,417

17.38

 

2,542,144

24.01

 

Schedule of summary of option activity

Weighted-

Number of Share Option Awards

Weighted-Average Exercise Price

Average

Aggregate

Time-

Performance-

Market-

Time-

Performance-

Market-

Contractual

Intrinsic

Based

Based

Based

Based

Based

Based

Term

Value

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2023

 

4,198,595

114,583

208,333

$

51.92

$

59.43

$

59.43

2.29

$

Forfeited and cancelled

 

(607,739)

 

(208,333)

45.47

59.43

 

  

Outstanding as of September 30, 2023

 

3,590,856

114,583

 

53.01

59.43

1.49

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

Nine Months Ended

September 30, 

September 30, 

    

2023

    

2022

    

2023

    

2022

Payroll and related expense

$

4,592

$

4,677

$

13,925

$

16,613

Marketing, general and administrative expense

 

18,971

 

21,406

 

82,329

 

72,310

Total share-based compensation expense

$

23,563

$

26,083

$

96,254

$

88,923