XML 78 R56.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Awards (Tables)

12 Months Ended

Dec. 31, 2024

Stock-Based Awards [Abstract]

Schedule of Unrecognized Stock-Based Compensation Expense and Average Remaining Vesting Period

A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows:

		December 31, 2024
		Unrecognized Stock- Based Compensation				Weighted-Average Remaining Vesting Period (Years)
Employees and directors		$	18,106				0.78

Schedule of Aggregate Fair Value of RSAs, RSUs and PRSUs

The aggregate fair value of RSAs, RSUs and PRSUs that vested during the years ended December 31, 2024, 2023 and 2022 was $19,891, $10,158 and $9,466, respectively. A summary of activity is as follows:

		RSA								RSU								PRSU(1)
		Shares				Weighted Average Grant Date Fair Value				Shares				Weighted Average Grant Date Fair Value				Shares				Weighted Average Grant Date Fair Value
Unvested Balance at January 1, 2022			3,036,905			$	5.20				54,990			$	4.93				550,686			$	5.73
Granted			2,170,432				5.71				116,247				5.18				319,838	(2)			6.80
Vested			(1,621,201	)			5.31				(27,894	)			5.10				(202,336	)			6.24
Forfeited			(195,054	)			5.43				(1,380	)			5.73				—				—
Unvested Balance at December 31, 2022			3,391,082			$	5.46				141,963			$	5.09				668,188			$	6.09
Granted			3,363,501				5.63				152,265				6.24				576,240	(2)			6.49
Vested			(1,629,925	)			5.28				(72,461	)			5.66				(108,113	)			3.11
Forfeited			(114,436	)			5.55				(34,385	)			5.70				—				—
Stock dividends accrued			—				—				2,762				6.24				37,777				6.49
Unvested Balance at December 31, 2023			5,010,222			$	5.63				190,144			$	5.70				1,174,092			$	6.58
Granted			2,135,016				7.18				117,112				8.08				474,056	(2)			8.62
Vested			(2,210,103	)			5.64				(37,422	)			5.58				(253,744	)			6.49
Forfeited			(108,091	)			6.10				(3,089	)			6.16				—				—
Stock dividends accrued			—				—				1,339				8.08				12,156				8.62
Unvested Balance at December 31, 2024			4,827,044			$	6.31				268,084	(3)		$	6.75				1,406,560			$	7.28

⁽¹⁾ Represents the target number of PRSUs granted and outstanding. The number of PRSUs that ultimately vest ranges from 0% to 200% of this amount. During the years ended December 31, 2024, 2023 and 2022, 200%, 77% and 0%, respectively, of the target number of PRSUs previously granted and vesting in such years ultimately vested, inclusive of shares attributable the reinvestment of dividend equivalents during the period between grant date and vesting date.

⁽²⁾ A Monte Carlo simulation was used to value these awards using the following assumptions for the Company and the peer group: (i) beginning 90-day average stock prices; (ii) valuation date stock prices; (iii) correlation coefficients based upon the price data used to calculate the historical volatilities; and (iv) the following additional assumptions:

⁽³⁾ Includes 103,512 deferred RSUs that have vested.

Schedule of Additional Assumptions

		Granted in 2024				Granted in 2023				Granted in 2022
Historical stock price volatility (low)			28%				37%				33%
Historical stock price volatility (high)			38%				56%				57%
Historical stock price volatility (average)			34%				47%				44%
Risk free interest rate			4.08%				3.80%				1.28%
Expected dividend yield			0.00%				0.00%				0.00%

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Unrecognized Stock Based Compensation Expenses And Average Remaining Vesting Period Table [Text Block]

+ References

No definition available.

+ Details

Name:	wt_ScheduleOfUnrecognizedStockBasedCompensationExpensesAndAverageRemainingVestingPeriodTableTextBlock
Namespace Prefix:	wt_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration