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

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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

 

6,051,412

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15.19

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1,155,674

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16.35

 

—

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—

Vested

 

(3,351,831)

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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

 

(416,871)

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18.16

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—

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—

 

(50,000)

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59.43

Non-vested as of September 30, 2023

 

9,263,417

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17.38

 

2,542,144

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24.01

 

—

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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

 

(607,739)

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—

 

(208,333)

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45.47

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—

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59.43

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Outstanding as of September 30, 2023

 

3,590,856

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114,583

 

—

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53.01

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59.43

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—

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1.49

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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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Nine Months Ended

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September 30, 

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September 30, 

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2023

    

2022

    

2023

    

2022

Payroll and related expense

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$

4,592

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$

4,677

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$

13,925

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$

16,613

Marketing, general and administrative expense

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18,971

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21,406

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82,329

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72,310

Total share-based compensation expense

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$

23,563

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$

26,083

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$

96,254

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$

88,923

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