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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2023
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

25.  SUBSEQUENT EVENTS

On January 4, 2024, using cash on hand, the Company paid $69.9 million to the IRS to satisfy its U.S. federal income tax liabilities and accrued interest resulting from the settlement of Section 199 tax matters.

On February 7 and 8, 2024, the Company’s Board of Directors and Compensation Committee, as applicable, approved granting $38.2 million of RSUs and $5.9 million of PSUs, with an effective date of February 19, 2024, to certain officers and employees at a fair value, based on the closing price of the Company’s stock on the pricing date of February 19, 2024. The shares will have a three year vesting period based on achievement of certain service, performance and/or market conditions and vesting accelerates upon the occurrence of a termination of employment following a change in control of the Company or in the event of earlier death, or disability.

On February 8, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.55 per share. The dividend is payable on March 15, 2024 to stockholders of record at the close of business on February 29, 2024.

There have been no additional subsequent events that would require disclosure in, or adjustment to, the consolidated financial statements as of and for the year ended December 31, 2023.