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Equity-Based Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024, 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, 2022

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

973,551

$

71.80

$

94,765

$

44,394

Granted

433,810

108.95

Vested

(517,041)

64.03

Forfeited

(40,829)

78.70

As of December 31, 2023

849,491

$

99.13

$

101,480

$

43,073

Granted

374,370

137.14

Vested

(394,675)

94.28

Forfeited

(39,874)

104.21

As of December 31, 2024 (nonvested)

789,312

$

115.47

$

90,037

$

54,964

Schedule of Performance Period Transition Awards

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

Maximum

Shares That

Award

Could Be Issued

Earned

Award Issued/Issuable

2021 LTIP Award:

Three-year performance period award

360,189

324,173

324,173

March 2024

2022 LTIP Award:

Three-year performance period award

249,759

249,759

249,759

March 2025

2023 LTIP Award:

Three-year performance period award

193,946

*

*

Two-year performance period transition award

5,517

4,690

4,690

March 2025

One-year performance period transition award

3,678

2,759

2,759

March 2024

2024 LTIP Award:

Three-year performance period award

172,425

*

*

*

Not yet earned as performance period not complete.