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Equity-Based Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2022

Equity-Based Incentive Plans

Schedule of Restricted Stock Units Award Activity

A summary of the company’s RSU activity and outstanding RSUs as of December 31, 2022, are presented below (dollars in thousands except grant date fair value):

​	​	​	​	​	​	​	​	​	​	​
​	​	​	Weighted		​	Aggregate		​	​	​
​	Number	​	Average Grant		​	Intrinsic		​	Unrecognized
​	of RSUs	​	Date Fair Value		​	Value		​	Compensation
Outstanding RSUs as of January 1, 2020	1,557,994	​	$	32.53	​	$	53,034	​	$	33,581
Granted	1,017,518	​	​	33.54	​	​	​	​	​	​
Vested	(811,317)	​	​	36.09	​	​	​	​	​	​
Forfeited	(65,616)	​	​	32.20	​	​	​	​	​	​
As of December 31, 2020	1,698,579	​	$	31.44	​	$	62,627	​	$	35,821
Granted	627,973	​	​	59.38	​	​	​	​	​	​
Vested	(895,706)	​	​	32.30	​	​	​	​	​	​
Forfeited	(82,588)	​	​	32.47	​	​	​	​	​	​
As of December 31, 2021	1,348,258	​	$	43.82	​	$	83,686	​	$	39,657
Granted	481,926	​	​	98.29	​	​	​	​	​	​
Vested	(786,622)	​	​	37.38	​	​	​	​	​	​
Forfeited	(70,011)	​	​	46.82	​	​	​	​	​	​
As of December 31, 2022 (nonvested)	973,551	​	$	71.80	​	$	94,765	​	$	44,394

​

Schedule of Performance Period Transition Awards

The Compensation Committee granted the following three-year performance period awards and two-year performance period transition awards, which have been earned and have or will be issued over the vesting period as follows:

​

​	​	​	​	​	​	​	​	​
​	​	Maximum	​	​	​	​	​	​
​	​	Shares That	​	Award	​	​	​	​
​	​	Could Be Issued	​	Earned	​	Award Issued/Issuable
​	​	​	​	​	​	​	​	​
​	2017 LTIP Award:	​	​	​	​	​	​	​
​	Three-year performance period award	182,274	​	164,047	​	54,683	​	March 2020
​	​	​	​	​	​	54,682	​	March 2021
​	​	​	​	​	​	54,682	​	March 2022
​	2019 LTIP Award:	​	​	​	​	​	​	​
​	Three-year performance period award	422,008	​	379,811	​	379,811	​	March 2022
​	​	​	​	​	​	​	​	​
​	2020 LTIP Award:	​	​	​	​	​	​	​
​	Three-year performance period award	405,922	​	356,845	​	356,845	​	March 2023
​	Two-year performance period transition award	9,764	​	8,300	​	8,300	​	March 2022
​	​	​	​	​	​	​	​	​
​	2021 LTIP Award:	​	​	​	​	​	​	​
​	Three-year performance period award	360,189	​	*	​	*	​	​
​	​	​	​	​	​	​	​	​
​	2022 LTIP Award:	​	​	​	​	​	​	​
​	Three-year performance period award	249,759	​	*	​	*	​	​

* Not yet earned as performance period not complete.

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Tabular disclosure of performance period transition awards including but not limited to maximum shares that can be issued, shares earned and shares awarded or to be awarded.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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