Quarterly report [Sections 13 or 15(d)]

Employee Benefits and Compensation Plans (Tables)

v3.25.3
Employee Benefits and Compensation Plans (Tables)
9 Months Ended
Sep. 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

 

4,687,416

21.98

1,167,962

22.10

Vested

 

(4,269,167)

17.52

(376,068)

18.48

Forfeited or expired

 

(641,456)

19.43

(535,780)

17.54

Non-vested as of September 30, 2025

 

8,700,511

19.94

 

2,521,536

19.97

Schedule of summary of option activity

The following is a summary of option activity for the nine months ended September 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

 

(1,845,107)

56.10

 

  

Outstanding as of September 30, 2025

 

328,336

50.14

0.39

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

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

Payroll and related expense

$

5,488

$

4,855

$

15,720

$

14,546

Marketing, general and administrative expense

 

12,930

 

15,783

 

48,878

 

51,024

Total share-based compensation expense

$

18,418

$

20,638

$

64,598

$

65,570