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STOCK AWARDS (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Non-vested RSU Activity
A summary of the status of the Company’s non-vested RSU awards for the nine months ended September 30, 2024 is presented below (there was no such activity prior to the approval of the 2024 Plan, including in 2023):
Non-Vested Restricted Stock Unit AwardsWeighted Average Grant Date Fair Value
Non-vested at January 1, 2024— $— 
Granted15,409,470 21.00 
Vested(3,847,652)21.00 
Forfeited— — 
Non-vested at September 30, 202411,561,818 $21.01 
Summary of Stock-Based Compensation Expense
Stock-based compensation expense recognized for the Company’s equity incentive plans was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Stock-based compensation expense related to restricted stock unit awards$12,304 $— $103,240 $— 
Total stock-based compensation expense$12,304 $— $103,240 $—