Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Share-Based Compensation (Tables)

v3.23.2
Employee Benefits and Share-Based Compensation (Tables)
6 Months Ended
Jun. 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

 

5,933,520

15.05

919,890

14.87

 

Vested

 

(3,339,307)

24.66

(1,363,469)

22.14

 

Forfeited or expired

 

(201,540)

18.85

 

(50,000)

59.43

Non-vested as of June 30, 2023

 

9,373,380

17.34

 

2,306,360

24.20

 

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

 

(587,114)

 

(208,333)

45.11

59.43

 

  

Outstanding as of June 30, 2023

 

3,611,481

114,583

 

53.03

59.43

1.77

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

Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

    

2022

Payroll and related expense

$

4,876

$

5,732

$

9,333

$

11,936

Marketing, general and administrative expense

 

39,660

 

24,316

 

63,358

 

50,904

Total share-based compensation expense

$

44,536

$

30,048

$

72,691

$

62,840