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Equity-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes the outstanding RSUs for Service Awards as of March 31, 2025 (in millions, including share data):
Units Outstanding as of March 31, 2025Compensation Expense for the Three Months Ended Unrecognized Compensation Expense as of March 31, 2025
March 31, 2025March 31, 2024
Restricted Stock Units
Ordinary Service Awards9.7$42.8 $20.9 $419.4 
Special Purpose Service Awards 11.732.1 34.3 296.1 
Total Service Award RSUs21.4$74.9$55.2 $715.5 
The following table summarizes the outstanding RSUs for Market and Performance Condition Awards as of March 31, 2025 (in millions, including share data):
Units Outstanding as of March 31, 2025Compensation Expense for the Three Months Ended Unrecognized Compensation Expense as of March 31, 2025
March 31, 2025March 31, 2024
Restricted Stock Units
Ordinary Performance Condition Awards0.7 $1.5 $(1.7)$17.5 
Special Purpose Market Condition Awards3.7 11.1 5.2 44.2 
Total Market and Performance Condition Award RSUs4.4$12.6$3.5 $61.7 
The following table summarizes all outstanding RSU awards as of March 31, 2025 (in millions, including share data):
Units Outstanding as of March 31, 2025Compensation Expense for the Three Months Ended Unrecognized Compensation Expense as of March 31, 2025
March 31, 2025March 31, 2024
Restricted Stock Units
Ordinary Awards:
Ordinary Service Awards9.7$42.8 $20.9 $419.4 
Ordinary Performance Condition Awards0.71.5 (1.7)17.5 
Special Purpose Awards:
Special Purpose Service Awards 11.732.1 34.3 296.1 
Special Purpose Market Condition Awards3.711.1 5.2 44.2 
Total Restricted Stock Units25.8$87.5$58.7$777.2 
The following table summarizes the outstanding Other Awards as of March 31, 2025 (in millions, including share data):
Unvested Units/Shares Outstanding as of March 31, 2025Compensation Expense for the Three Months Ended Unrecognized Compensation Expense as of March 31, 2025
March 31, 2025March 31, 2024
TPH and RPH Units
TPH units25.7$53.5$74.7$553.2 
RPH units0.25.214.763.6 
Total TPH and RPH Units25.9$58.7$89.4$616.8 
Common Units and Class A Common Stock
Common Units35.6$52.3$63.1$711.8 
Class A Common Stock— 0.44.4— 
Total Common Units and Class A Common Stock35.6$52.7$67.5$711.8 
Schedule of Nonvested Share Activity
The following table presents the rollforward of the Company’s unvested Service Awards for the three months ended March 31, 2025 (awards in millions):

Service AwardsWeighted-Average Grant Date Fair Value
Balance at December 31, 202425.3$34.30 
Granted3.461.66 
Vested(7.0)32.64 
Forfeited(0.3)33.31 
Balance at March 31, 202521.4$39.16 
The following table presents the roll forwards of the Company’s unvested Special Purpose Market Condition Awards for the three months ended March 31, 2025 (awards in millions):

Market Condition AwardsWeighted Average Grant Date Fair Value
Balance at December 31, 20244.6$20.41 
Granted— — 
Vested
(0.2)16.58 
Vested, unsettled(0.6)22.01 
Forfeited(0.1)16.59 
Balance at March 31, 20253.7$20.45 
The following table presents the roll forwards of the Company’s unvested TPH Units and RPH Units for the three months ended March 31, 2025 (units in millions):
TPH UnitsRPH Units
Partnership UnitsGrant Date Fair ValuePartnership UnitsGrant Date Fair Value
Balance at December 31, 202426.1 $26.74 0.2 $457.10 
Reallocated0.0 57.90 — — 
Vested(0.4)27.54 — — 
Forfeited(0.0)25.27 — — 
Balance at March 31, 202525.7 $26.78 0.2 $457.10 
The following table presents the roll forwards of the Company’s unvested TOG Units and Class A Common Stock Awards for the three months ended March 31, 2025 (awards in millions):
Common UnitsClass A Common Stock
Partnership UnitsGrant Date Fair ValuePartnership UnitsGrant Date Fair Value
Balance at December 31, 202436.0 $25.50 0.3 $29.50 
Reallocated— — — — 
Vested(0.4)27.29 (0.3)29.50 
Forfeited— — — — 
Balance at March 31, 202535.6 $25.48 — $—