Quarterly report [Sections 13 or 15(d)]

Employee Benefits and Compensation Plans (Tables)

v3.25.2
Employee Benefits and Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2025
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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Time-Based

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Average Grant

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Performance-

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Average Grant

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Awards

    

Date Fair Value

    

Based Awards

    

Date Fair Value

Non-vested as of January 1, 2025

 

8,923,718

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$

17.68

 

2,265,422

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$

18.04

Granted

 

4,637,034

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​

21.95

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1,107,504

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​

21.95

Vested

 

(4,264,798)

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17.51

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(376,068)

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18.48

Forfeited or expired

 

(367,558)

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18.93

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(243,556)

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17.04

Non-vested as of June 30, 2025

 

8,928,396

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19.92

 

2,753,302

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​

19.65

Schedule of summary of option activity

The following is a summary of option activity for the six months ended June 30, 2025:

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Number of Share Option Awards

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Weighted-Average 
Exercise Price

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Weighted-Average

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Aggregate

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Time-

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Time-

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Contractual

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Intrinsic

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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

    

(years)

    

(in thousands)

Outstanding as of January 1, 2025

 

2,173,443

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$

55.20

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0.61

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$

—

Forfeited and cancelled

 

(1,508,500)

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55.36

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Outstanding as of June 30, 2025

 

664,943

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54.84

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0.38

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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 includes 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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2025

    

2024

    

2025

    

2024

Payroll and related expense

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$

5,408

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$

5,077

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$

10,232

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$

9,691

Marketing, general and administrative expense

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20,491

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17,907

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35,948

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35,241

Total share-based compensation expense

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$

25,899

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$

22,984

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$

46,180

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$

44,932

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