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COMMON SHARE-BASED COMPENSATION | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
COMMON SHARE-BASED COMPENSATION | COMMON SHARE-BASED COMPENSATION The company recognized total compensation expense o f $59.8 million an d $90.5 million related to equity-settled common share-based compensation for the nine months ended September 30, 2025 and 2024, respectively. Movements on employee common share awards during the nine months ended September 30, 2025 and 2024 are detailed below:
| Nine months ended September 30, 2025 |  | Nine months ended September 30, 2024
(in millions of common shares, except fair values) | Time- Vested |  | Performance- Vested |  | Weighted Average Grant Date Fair Value |  | Time- Vested |  | Performance- Vested |  |
Unvested at the beginning of period | 9.8 |  |  | 1.4 |  |  | $ | 17.17 |  |  | 10.4 |  |  | 1.6 |  |  |
Granted | 4.3 |  |  | 1.0 |  |  | 17.66 |  |  | 4.9 |  |  | 0.9 |  |  |
Forfeited/Canceled due to performance measures | (0.4) |  |  | (0.3) |  |  | 18.63 |  |  | (0.6) |  |  | (0.1) |  |  |
Vested and distributed | (3.6) |  |  | (0.1) |  |  | 18.25 |  |  | (4.9) |  |  | (1.0) |  |  |
Unvested at the end of the period | 10.1 |  |  | 2.0 |  |  | $ | 16.98 |  |  | 9.8 |  |  | 1.4 |  |  |
The total fair value of common shares that vested during the nine months ended September 30, 2025 w a s $63.9 million (nine months ended September 30, 2024: $93.0 million). The weighted average grant date fair value of the U.S. dollar share awards that were granted during the nine months ended September 30, 2025 was $17.66 (nine months ended September 30, 2024: $15.13). At September 30, 2025, there was $124.5 million of total unrecognized compensation cost related to non-vested common share awards; that cost is expected to be recognized over a weighted average period of 2.3 years.

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