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COMMON SHARE-BASED COMPENSATION
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
COMMON SHARE-BASED COMPENSATION COMMON SHARE-BASED COMPENSATION
The company recognized total compensation expense of $59.8 million and $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, 2025Nine months ended September 30, 2024
(in millions of common shares, except fair values)Time- VestedPerformance- VestedWeighted Average Grant Date Fair ValueTime- VestedPerformance- Vested
Unvested at the beginning of period
9.8 1.4 $17.17 10.4 1.6 
Granted4.3 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 was $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.