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

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Number of

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Weighted-

​

Number of

​

Weighted-

​

​

Time-Based

​

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

 

4,687,416

​

​

21.98

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1,167,962

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​

22.10

Vested

 

(4,269,167)

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​

17.52

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(376,068)

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​

18.48

Forfeited or expired

 

(641,456)

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19.43

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(535,780)

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​

17.54

Non-vested as of September 30, 2025

 

8,700,511

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19.94

 

2,521,536

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​

19.97

Schedule of summary of option activity

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

 

(1,845,107)

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56.10

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​

​

 

  

Outstanding as of September 30, 2025

 

328,336

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​

50.14

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0.39

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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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Nine Months Ended

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September 30, 

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September 30, 

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2025

    

2024

    

2025

    

2024

Payroll and related expense

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$

5,488

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$

4,855

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$

15,720

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$

14,546

Marketing, general and administrative expense

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12,930

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15,783

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48,878

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51,024

Total share-based compensation expense

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$

18,418

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$

20,638

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$

64,598

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$

65,570

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