Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.22.1
Employee Benefits and Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022

 

7,771,623

$

27.02

 

1,841,113

$

35.68

 

50,000

$

59.43

Granted

 

4,818,563

18.52

1,857,750

18.48

 

Vested

 

(2,535,711)

36.15

(186,339)

55.27

 

Forfeited or expired

 

(84,504)

24.49

(292,043)

35.59

 

Non-vested as of March 31, 2022

 

9,969,971

20.62

 

3,220,481

24.63

 

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

March 31, 

    

2022

    

2021

Payroll and related expense

$

6,204

$

4,965

Marketing, general and administrative expense

 

26,588

 

21,636

Total share-based compensation expense

$

32,792

$

26,601