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Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Compensation Expense
The Company incurred compensation expense related to Class A common stock, LPUs and RSUs held by BGC employees as follows (in thousands):
Three Months Ended March 31,
20222021
Issuance of common stock and grants of exchangeability$30,135 $7,854 
Allocations of net income¹3,690 5,631 
LPU amortization19,023 17,094 
RSU amortization5,028 2,916 
Equity-based compensation and allocations of net income
   to limited partnership units and FPUs		$57,876 $33,495 
____________________________
1Certain LPUs generally receive quarterly allocations of net income, including the Preferred Distribution, and are generally contingent upon services being provided by the unit holders.
Compensation expense related to the issuance of BGC or Newmark Class A common stock and grants of exchangeability on BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20222021
Issuance of common stock and grants of exchangeability$30,135 $7,854 
Compensation expense related to the amortization of LPUs held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20222021
Stated vesting schedule$18,969 $17,074 
Post-termination payout54 20 
LPU amortization$19,023 $17,094 
Compensation expense related to RSUs held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20222021
RSU amortization$5,028 $2,916 
Activity Associated with Limited Partnership Units Held by BGC Employees
A summary of the activity associated with LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs
Newmark
LPUs2
Balance at December 31, 2021112,115 11,051 
Granted6,828 — 
Redeemed/exchanged units(10,588)(294)
Forfeited units(137)(8)
Balance at March 31, 2022108,218 10,749 
Summary of the BGC Holdings and Newmark Holdings LPUs held by BGC Employees
A summary of the BGC Holdings and Newmark Holdings LPUs held by BGC employees is as follows (in thousands):
BGC
LPUs		Newmark
LPUs
Regular Units76,391 8,139 
Preferred Units31,827 2,610 
Balance at March 31, 2022108,218 10,749 
Activity Associated with Limited Partnership Units Awarded to BGC Employees
A summary of the LPUs redeemed in connection with the issuance of BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) or granted exchangeability for BGC Class A common stock or Newmark Class A common stock (at the then-current Exchange Ratio) held by BGC employees is as follows (in thousands):
Three Months Ended March 31,
20222021
BGC Holdings LPUs5,787 1,097 
Newmark Holdings LPUs264 180 
Total6,051 1,277 
Summary of Outstanding LPUs Held by BGC Employees with Stated Vesting
A summary of the outstanding LPUs held by BGC employees with a stated vesting schedule that do not receive quarterly allocations of net income is as follows (in thousands):
March 31, 2022December 31, 2021
BGC Holdings LPUs41,945 42,754 
Newmark Holdings LPUs229 235 
Aggregate estimated grant date fair value – BGC and Newmark Holdings LPUs$171,763 $178,873 
Activity Associated with Restricted Stock Units
A summary of the activity associated with RSUs held by BGC employees and directors is as follows (RSUs and dollars in thousands):
RSUsWeighted-
Average
Grant
Date Fair
Value		Fair Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)
Balance at December 31, 202111,034 $3.87 $42,756 2.27
Granted1,111 5.16 5,732 
Delivered(3,318)4.35 (14,426)
Forfeited(159)3.98 (633)
Balance at March 31, 20228,668 $3.86 $33,429 2.08