Quarterly report [Sections 13 or 15(d)]

Employee Benefits and Compensation Plans (Tables)

v3.25.1
Employee Benefits and Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2025
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of summary of restricted share unit activity

Number of

Weighted-

Number of

Weighted-

Time-Based

Average Grant

Performance-

Average Grant

    

Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2025

 

8,923,718

$

17.68

 

2,265,422

$

18.04

Granted

 

4,584,289

22.01

1,107,504

21.95

Vested

 

(4,248,668)

17.52

(376,068)

18.48

Forfeited or expired

 

(184,920)

18.15

(243,556)

17.04

Non-vested as of March 31, 2025

 

9,074,419

19.93

 

2,753,302

19.65

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, 

    

2025

    

2024

Payroll and related expense

$

4,824

$

4,614

Marketing, general and administrative expense

 

15,457

 

17,334

Total share-based compensation expense

$

20,281

$

21,948