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EQUITY COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Equity-based Compensation Expense, Net of Assumed Forfeitures | Equity-based compensation expense, net of forfeitures, recorded by the Company is presented in the following table:
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Restricted units | $ | 61,976 |  |  | $ | 48,117 |  |  | $ | 193,509 |  |  | $ | 151,403 |  |  |  |  |
Schedule of Dividends Declared and Paid | The following table summarizes the Company’s dividends declared and Dividend Equivalents paid during the nine months ended September 30, 2023:
Record Date |  | Dividends Per Share |  | Dividend Equivalents Paid
March 17, 2023 |  | $ | 0.77 |  |  | $ | 12,032 |
June 16, 2023 |  | 0.77 |  |  | 11,874 |
September 15, 2023 |  | 0.77 |  |  | 11,704 |
Summary of Unvested Restricted Units' Activity | The following table presents unvested restricted units’ activity:
| Restricted Units |  | Weighted Average Grant Date Fair Value Per Unit |  |
Balance as of December 31, 2022 | 16,662,999 |  |  | $ | 48.76 |  |  |
Granted | 4,749,923 |  |  | 78.81 |  |  |
Vested | (3,608,734) |  |  | 38.30 |  |  |
Forfeited | (229,216) |  |  | 58.36 |  |  |
Balance as of September 30, 2023 | 17,574,972 |  |  | $ | 58.91 |  |  |
Summary of Unvested Options Activity | A summary of options activity during the nine months ended September 30, 2023 is presented below:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Life (in years) |  | Aggregate Intrinsic Value
Balance as of December 31, 2022 | 5,170,219 |  |  | $ | 19.00 |  |  | 1.3 |  | $ | 255,616 |
Exercised | (4,799,446) |  |  | 19.00 |  |  | — |  |  | — |
Expired | — |  |  | — |  |  | — |  |  | — |
Forfeited | — |  |  | — |  |  | — |  |  | — |
Balance as of September 30, 2023 | 370,773 |  |  | $ | 19.00 |  |  | 0.6 |  | $ | 31,097 |
Exercisable as of September 30, 2023 | 370,773 |  |  | $ | 19.00 |  |  | 0.6 |  | $ | 31,097 |

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