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Equity-based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Unit Activity

Restricted Stock Unit activity was as follows during the periods indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			Restricted Stock Units						Weighted Average Grant Date Fair Value						Restricted Stock Units
Unvested at beginning of period			4,853,795						$	56.74					985,398
Granted			6,516,786						$	46.81					2,719,862
Granted - performance-based			147,445						$	33.89					—
Vested			(821,561)						$	51.95					(291,536)
Forfeited			(1,280,906)						$	56.31					(199,968)
Unvested at end of period			9,415,559						$	49.99					3,213,756

Restricted Stock activity was as follows during the periods indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			Restricted stock						Weighted Average Grant Date Fair Value						Restricted stock
Unvested at beginning of period			3,525,373						$	9.21					—
Exchanged HoldCo Units			—						$	—					872,371
Exchanged Class P Units			—						$	—					947,515
Vested			(2,005,106)						$	4.60					(385,120)
Forfeited			(266,394)						$	5.72					(926)
Unvested at end of period			1,253,873						$	17.32					1,433,840

Schedule of Unvested Options Activity

Options activity was as follows during the period indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			Options						Weighted Average Exercise Price						Options
Outstanding at beginning of period			417,085						$	21.00					552,440
Exercised			(56,219)						$	21.00					(64,519)
Expired			(7,935)						$	21.00					—
Forfeited			(20,485)						$	21.00					(20,191)
Outstanding at end of period			332,446						$	21.00					467,730

Options have a maximum contractual term of ten years. The aggregate intrinsic value and weighted average remaining contractual terms of Options outstanding and Options exercisable were as follows as of September 30, 2022.

			September 30, 2022
Aggregate intrinsic value (in millions)
Unit Options outstanding			$	6.9
Unit Options exercisable			$	5.2
Weighted average remaining contractual term (in years)
Unit Options outstanding			7.6 years
Unit Options exercisable			7.6 years

Schedule of Unit Activities

HoldCo Unit activity was as follows during the periods indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			HoldCo Units						Weighted Average Grant Date Fair Value						HoldCo Units
Unvested at beginning of period			—						$	—					1,214,105
Exchanged for Restricted Stock			—						$	—					(872,371)
Vested			—						$	—					(298,177)
Forfeited			—						$	—					(43,557)
Unvested at end of period			—						$	—					—

Class P Unit activity was as follows during the periods indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			Class P Units						Weighted Average Participation Threshold						Class P Units
Unvested at beginning of period			—						$	—					8,796,642
Exchanged for Restricted Stock			—						$	—					(1,133,142)
Vested			—						$	—					(4,506,931)
Forfeited			—						$	—					(94,621)
Unvested at end of period			—						$	—					3,061,948

LTIP Unit activity was as follows during the periods indicated:

			Nine Months Ended September 30, 2022												Nine Months Ended September 30, 2021
			LTIP Units						Weighted Average Participation Threshold						LTIP Units
Unvested at beginning of period			—						$	—					47,620
Granted			—						$	—					247,045
Unvested at end of period			—						$	—					294,665

Schedule of Valuation Assumptions

The fair value of the ESPP purchase was determined using the Black-Scholes option pricing model with the following assumption ranges and fair value per unit:

			Nine Months Ended September 30, 2022
Volatility			71.9%
Expected term			0.5 years
Risk-free rate			2.2%
Expected dividends			—%
Fair value per unit			$9.56

Summary of Unamortized Equity-Based Compensation Costs

As of September 30, 2022, unamortized equity-based compensation costs related to each equity-based incentive award described above is the following:

($ in millions, period in years)			Amount						Weighted Average Remaining Service Period
Restricted Stock Units			$	383.1					2.6
Common Stock Options			0.2						0.9
Restricted Stock			11.7						1.3
HSKB Incentive Units			0.2						0.3
HSKB Phantom Units			13.8						2.8
Employee Stock Purchase Plan			0.6						0.2
Total unamortized equity-based compensation cost			$	409.6					2.6

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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