Quarterly report pursuant to Section 13 or 15(d)

Employee Benefits and Compensation Plans (Tables)

v3.24.3
Employee Benefits and Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2024
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, 2024

 

9,083,120

$

17.39

 

2,140,134

$

19.41

Granted

 

4,673,132

19.25

945,040

19.29

Vested

 

(4,308,167)

18.85

(334,888)

31.78

Forfeited or expired

 

(433,687)

17.27

(147,636)

16.69

Non-vested as of September 30, 2024

 

9,014,398

17.67

 

2,602,650

17.93

Schedule of summary of option activity

Weighted-

Number of Share Option Awards

Weighted-Average Exercise Price

Average

Aggregate

Time-

Performance-

Time-

Performance-

Contractual

Intrinsic

Based

Based

Based

Based

Term

Value

    

Awards

    

Awards

    

Awards

    

Awards

    

(years)

    

(in thousands)

Outstanding as of January 1, 2024

 

3,524,856

114,583

$

52.98

$

59.43

1.26

$

Forfeited and cancelled

 

(1,057,038)

(114,583)

50.93

59.43

 

  

Outstanding as of September 30, 2024

 

2,467,818

53.85

0.79

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, 

    

2024

    

2023

    

2024

    

2023

Payroll and related expense

$

4,855

$

4,592

$

14,546

$

13,925

Marketing, general and administrative expense

 

15,783

 

18,971

 

51,024

 

82,329

Total share-based compensation expense

$

20,638

$

23,563

$

65,570

$

96,254