Quarterly report [Sections 13 or 15(d)]

Employee Benefits and Share-Based Compensation (Tables)

v3.26.1
Employee Benefits and Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of key inputs used in the fair value of the MSU

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Dividend yield

 

—%

Expected share price volatility

 

54.77%

Risk-free interest rate

 

3.96%

Expected term

 

3.77 years

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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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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Market-

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Average Grant 

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  ​ ​ ​

Awards

  ​ ​ ​

Date Fair Value

  ​ ​ ​

Based Awards

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Date Fair Value

  ​ ​ ​

Based Awards

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Date Fair Value

Non-vested as of January 1, 2026

 

8,537,656

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$

19.95

 

2,521,536

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$

19.97

 

—

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$

—

Granted

 

6,190,325

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20.07

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1,304,731

(1)

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21.02

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2,345,276

(1)

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24.24

Vested

 

(4,550,524)

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19.04

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(579,244)

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18.00

 

—

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—

Forfeited or expired

 

(871,610)

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20.38

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(305,558)

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18.36

 

—

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—

Non-vested as of June 30, 2026

 

9,305,847

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20.44

 

2,941,465

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20.99

 

2,345,276

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24.24

(1) Number of PSUs and MSUs included assumes maximum achievement.
Schedule of compensation expense recognized for share-based compensation

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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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2026

  ​ ​ ​

2025

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2026

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2025

Payroll and related expense

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$

5,585

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$

5,408

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$

10,808

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$

10,232

Marketing, general and administrative expense

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17,149

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20,491

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35,291

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35,948

Total share-based compensation expense

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$

22,734

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$

25,899

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$

46,099

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$

46,180

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