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EQUITY COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Equity-based Compensation Expense, Net of Forfeitures | Equity-based compensation expense, net of forfeitures, recorded by the Company for restricted units is presented in the following table:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Restricted units | $ | 85,613 |  |  | $ | 61,976 |  |  | $ | 266,267 |  |  | $ | 193,509 |  |  |
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, 2024:
Record Date |  | Dividends Per Share |  | Dividend Equivalents Paid
March 15, 2024 |  | $ | 0.93 |  |  | $ | 16,294 |
June 14, 2024 |  | 0.93 |  |  | 16,008 |
September 16, 2024 |  | 0.93 |  |  | 16,242 |
Schedule 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, 2023 | 17,359,829 |  |  | $ | 59.20 |  |  |
Granted | 5,087,137 |  |  | 124.08 |  |  |
Vested | (3,961,789) |  |  | 51.98 |  |  |
Forfeited | (386,314) |  |  | 85.07 |  |  |
Balance as of September 30, 2024 | 18,098,863 |  |  | $ | 78.45 |  |  |
Schedule of Unvested Options Activity | A summary of options activity during the nine months ended September 30, 2024 is presented below:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Life (in years) |  | Aggregate Intrinsic Value
Balance as of December 31, 2023 | 79,524 |  |  | $ | 19.00 |  |  | 0.3 |  | $ | 7,946 |
Exercised | (79,524) |  |  | 19.00 |  |  | — |  |  | — |
Balance as of September 30, 2024 | — |  |  | $ | — |  |  | 0.0 |  | $ | — |
Exercisable as of September 30, 2024 | — |  |  | $ | — |  |  | 0.0 |  | $ | — |

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