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Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2024

Incentive Plans

Market Performance Based Awards

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​	​	​	​	​
​	​	​	Market
​	​	​	Performance
​	RMS Relative	​	Vesting
Level	Market Performance	​	Percentage
Below Threshold Level	≤ -500 basis points	​	0	%
Threshold Level	-500 basis points	​	25	%
Target Level	0 basis points	​	50	%
High Level	≥ 500 basis points	​	100	%

Schedule of compensation expense and unearned compensation

Below is a summary of our compensation expense and our unearned compensation (in millions):

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period to

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Deferred Compensation

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Unearned Compensation

recognize

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Expensed

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Capitalized

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As of

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As of

unearned

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Three Months Ended June 30,

June 30,

​

December 31,

compensation

Type of incentive award

2024

2023

2024

2023

2024

2023

(in years)

Long-term incentive units

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$

7.6

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$

3.6

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$

—

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$

—

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$

29.9

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$

16.6

2.5

Performance-based awards

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6.0

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1.3

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—

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0.1

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31.1

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19.9

2.6

Service-based restricted stock units

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17.9

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8.3

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1.3

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1.4

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90.9

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66.4

2.8

Interxion awards

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—

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0.6

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—

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—

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—

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Six Months Ended June 30,

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2024

2023

2024

2023

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Long-term incentive units

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$

11.3

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$

6.4

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$

0.1

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$

—

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Performance-based awards

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8.2

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5.4

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0.1

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0.1

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Service-based restricted stock units

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25.5

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16.0

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2.8

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2.5

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Interxion awards

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—

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1.3

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0.1

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—

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Summary of Long-Term Incentive Unit Activity

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​	​	​	​	​	​
​		​		Weighted-Average
​	​	​		Grant Date Fair
Unvested LTIP Units	​	Units		Value
Unvested, beginning of period		238,360	​	$	121.99
Granted		265,957	​		137.04
Vested		(179,242)	​		130.71
Cancelled or expired		(49,997)	​		244.54
Unvested, end of period		275,078	​	$	108.59

Summary of Restricted Stock Activity

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​	​	​	​	​	​
​	​	​	​	Weighted-Average
​	​	​		Grant Date Fair
Unvested Restricted Stock Units		Shares		Value
Unvested, beginning of period		621,863	​	$	132.07
Granted		361,429	​		141.79
Vested		(133,700)	​		122.90
Cancelled or expired		(72,240)	​		122.24
Unvested, end of period		777,352	​	$	139.08

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Schedule of Share-based Compensation, Performance Based Awards

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Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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