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Compensation (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2022202120222021
Issuance of common stock and grants of exchangeability$20,460 $31,222 $50,595 $39,076 
Allocations of net income¹4,734 6,846 8,424 12,477 
LPU amortization15,601 16,741 34,624 33,835 
RSU amortization5,338 3,481 10,366 6,397 
Equity-based compensation and allocations of net income
   to limited partnership units and FPUs		$46,133 $58,290 $104,009 $91,785 
____________________________
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 June 30,Six Months Ended June 30,
2022202120222021
Issuance of common stock and grants of exchangeability$20,460 $31,222 $50,595 $39,076 
Compensation expense related to the amortization of LPUs held by BGC employees is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Stated vesting schedule$15,609 $16,702 $34,578 $33,776 
Post-termination payout(8)39 46 59 
LPU amortization$15,601 $16,741 $34,624 $33,835 
Compensation expense related to RSUs held by BGC employees is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
RSU amortization$5,338 $3,481 $10,366 $6,397 
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 
Granted15,028 — 
Redeemed/exchanged units(20,759)(637)
Forfeited units(676)(59)
Balance at June 30, 2022105,708 10,355 
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 Units74,469 7,888 
Preferred Units31,239 2,467 
Balance at June 30, 2022105,708 10,355 
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 June 30,Six Months Ended June 30,
2022202120222021
BGC Holdings LPUs4,879 5,568 10,666 6,666 
Newmark Holdings LPUs83 246 347 425 
Total4,962 5,814 11,013 7,091 
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):
June 30, 2022December 31, 2021
BGC Holdings LPUs38,371 42,754 
Newmark Holdings LPUs194 235 
Aggregate estimated grant date fair value – BGC and Newmark Holdings LPUs$169,937 $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
Granted9,017 4.41 39,732 
Delivered(3,916)3.95 (15,474)
Forfeited(517)3.57 (1,845)
Balance at June 30, 202215,618 4.17 65,169 2.99