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Compensation and Benefits (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Components of Compensation Expense

Total compensation and benefits consists of the following:


			For the Years Ended December 31,
			2021						2020						2019
Salaries, incentive compensation and benefits (1)			$	516,931					$	399,325					$	358,339
Long-term cash incentive compensation expense			6,887						—						—
Restricted share-based award compensation expense			39,236						36,493						42,117
Long-term incentive compensation expense			46,123						36,493						42,117
Total compensation and benefits			$	563,054					$	435,818					$	400,456
(1) Excluding long-term incentive compensation expense.

Restricted Share Activity

The following tables summarize the restricted share-based award activity for the years ended December 31, 2021, 2020 and 2019:


			Weighted-Average Grant Date Fair Value						Restricted Stock Awards and Restricted Stock Units
Unvested at January 1, 2019			$	38.04					4,678,457
Granted			22.92						963,000
Forfeited			34.61						(17,289)
Vested			39.21						(618,746)
Unvested at January 1, 2020			$	35.00					5,005,422
Granted			33.80						919,455
Forfeited			30.92						(43,091)
Vested			32.59						(588,144)
Unvested at January 1, 2021			$	35.09					5,293,642
Granted			52.93						741,555
Forfeited			29.99						(101,001)
Vested			31.51						(688,802)
Unvested at December 31, 2021			$	38.18					5,245,394