XML 74 R63.htm IDEA: XBRL DOCUMENT v3.25.1
Equity-Based Compensation - Narrative (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Feb. 27, 2025
shares
Nov. 30, 2023
$ / shares
shares
Nov. 01, 2023
shares
Jan. 18, 2022
$ / shares
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
shares
Dec. 31, 2024
$ / shares
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Equity-based compensation         $ 205,832 $ 227,908    
Payment, tax withholding, share-based payment arrangement         180,112 58,048    
Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation expense         0      
Equity-based compensation         400 $ 4,400    
Share-based payment arrangement, shares withheld for tax withholding obligation (in shares) | shares           2,425,290    
Payment, tax withholding, share-based payment arrangement           $ 58,100    
Total Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation expense         $ 777,200      
Vested in period (in shares) | shares         7,400,000 3,900,000    
Equity-based compensation         $ 87,500 $ 58,700    
Vested in period, fair value         $ 463,600 154,000    
Share-based payment arrangement, shares withheld for tax withholding obligation (in shares) | shares         4,554,542      
Payment, tax withholding, share-based payment arrangement         $ 180,100      
Total Restricted Stock Units | General and Administrative Expense                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Equity-based compensation         $ 4,400 $ 900    
Total Restricted Stock Units | Omnibus Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of additional shares authorized (in shares) | shares 6,540,183              
Number of shares authorized for issuance (in shares) | shares 36,496,786              
Number of shares available for grant (in shares) | shares         33,130,147      
Service Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares         3,400,000 3,700,000    
Unrecognized compensation expense         $ 715,500      
Weighted average remaining requisite service period         3 years 1 month 6 days      
Granted (in usd per share) | $ / shares         $ 61.66      
Vested in period (in shares) | shares         7,000,000.0      
Equity-based compensation         $ 74,900 $ 55,200    
Special Purpose Employee Service Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award conversion ratio               1
Special Purpose Employee Service Awards | Minimum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period               4 years
Special Purpose Employee Service Awards | Maximum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period               6 years
Acquisition Service Awards | Angelo Gordon                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares available for grant (in shares) | shares     8,400,000          
Award vesting period     5 years          
Number of shares outstanding (in shares) | shares         6,300,000      
IPO Service Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period       5 years        
Granted (in shares) | shares       1,100,000        
Award service period       5 years        
Executive Service Awards | Chief Executive Officer                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period   4 years            
Granted (in shares) | shares   2,600,000            
Award service period   4 years            
Ordinary Performance Condition Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation expense         $ 17,500      
Equity-based compensation         $ 1,500 (1,700)    
Market Condition Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares         0      
Unrecognized compensation expense         $ 44,200      
Weighted average remaining requisite service period         2 years 4 months 24 days      
Granted (in usd per share) | $ / shares         $ 0      
Vested in period (in shares) | shares         200,000      
Equity-based compensation         $ 11,100 5,200    
IPO Market Condition Awards                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares       1,100,000        
Vested in period (in shares) | shares         200,000      
IPO Market Condition Awards | Type I                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award service period       5 years        
IPO Market Condition Awards | Type II                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Target common stock share price within five years (in usd per share) | $ / shares       $ 44.25     $ 44.25  
Target common stock share price within eight years (in usd per share) | $ / shares       $ 59.00        
Executive Market Condition Awards | Chief Executive Officer                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares   3,900,000            
Award service period   5 years            
Share-based compensation arrangement by share-based payment award, vesting condition trading period   30 days            
Executive Market Condition Awards | Chief Executive Officer | Type I                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   25.00%            
Executive Market Condition Awards | Chief Executive Officer | Type I | Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage         20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares   $ 52.50            
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent   150.00%            
Executive Market Condition Awards | Chief Executive Officer | Type II                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   25.00%            
Executive Market Condition Awards | Chief Executive Officer | Type II | Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage         20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares   $ 58.45            
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent   167.00%            
Executive Market Condition Awards | Chief Executive Officer | Type IV                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   25.00%            
Executive Market Condition Awards | Chief Executive Officer | Type IV | Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares   $ 70.00            
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent   200.00%            
Executive Market Condition Awards | Chief Executive Officer | Type III                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   25.00%            
Executive Market Condition Awards | Chief Executive Officer | Type III | Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage         20.00%      
Share-based compensation arrangement by share-based payment award, purchase price of common stock (in usd per share) | $ / shares   $ 64.05            
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent   183.00%            
Total Common Units and Class A Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation expense         $ 711,800      
Equity-based compensation         52,700 67,500    
Acquisition Common Units | Angelo Gordon                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period     5 years          
Granted (in shares) | shares     43,800,000          
Total TPH and RPH Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation expense         616,800      
Equity-based compensation         $ 58,700 89,400    
TPH Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares         0.0      
Unrecognized compensation expense         $ 553,200      
Granted (in usd per share) | $ / shares         $ 57.90      
Vested in period (in shares) | shares         400,000      
Equity-based compensation         $ 53,500 74,700    
RPH Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Granted (in shares) | shares         0      
Unrecognized compensation expense         $ 63,600      
Granted (in usd per share) | $ / shares         $ 0      
Vested in period (in shares) | shares         0      
Equity-based compensation         $ 5,200 14,700    
Other Liability-Classified Awards | Angelo Gordon                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award service period         5 years      
Equity-based compensation         $ 9,900 9,100    
Unrecognized compensation expense         $ 67,100      
TRTX Award                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period         4 years      
Management fees and compensation and benefits expense         $ 1,300 $ 4,200