Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.21.2
Employee Benefits and Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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, 2021

 

4,525,207

114,583

 

208,333

$

51.96

$

59.43

$

59.43

 

4.42

$

Forfeited and cancelled

 

(96,862)

 

52.49

 

  

Outstanding as of September 30, 2021

 

4,428,345

114,583

 

208,333

51.95

59.43

59.43

3.68

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, 2021

 

6,663,925

$

30.54

 

1,565,184

$

39.42

 

50,000

$

59.43

Granted

 

3,135,993

30.89

736,898

40.89

 

Vested

 

(1,746,838)

47.01

(460,969)

56.73

 

Forfeited or expired

 

(225,752)

28.71

 

Non-vested as of September 30, 2021

 

7,827,328

27.05

 

1,841,113

35.68

 

50,000

59.43

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

Nine Months Ended

September 30, 

September 30, 

    

2021

    

2020

    

2021

    

2020

Payroll and related expense

$

6,525

$

5,483

$

16,225

$

15,214

Marketing, general and administrative expense

 

33,397

 

20,379

 

72,749

 

65,795

Total share-based compensation expense

$

39,922

$

25,862

$

88,974

$

81,009