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

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

 

4,637,034

21.95

1,107,504

21.95

Vested

 

(4,264,798)

17.51

(376,068)

18.48

Forfeited or expired

 

(367,558)

18.93

(243,556)

17.04

Non-vested as of June 30, 2025

 

8,928,396

19.92

 

2,753,302

19.65

Schedule of summary of option activity

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

Number of Share Option Awards

Weighted-Average 
Exercise Price

Weighted-Average

Aggregate

Time-

Time-

Contractual

Intrinsic

Based

Based

Term

Value

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2025

 

2,173,443

$

55.20

0.61

$

Forfeited and cancelled

 

(1,508,500)

55.36

 

  

Outstanding as of June 30, 2025

 

664,943

54.84

0.38

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):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2025

    

2024

    

2025

    

2024

Payroll and related expense

$

5,408

$

5,077

$

10,232

$

9,691

Marketing, general and administrative expense

 

20,491

 

17,907

 

35,948

 

35,241

Total share-based compensation expense

$

25,899

$

22,984

$

46,180

$

44,932