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Stock-Based Awards (Tables)
3 Months Ended
Mar. 31, 2025
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:

   March 31, 2025
  

Unrecognized 

Stock-Based
Compensation

 

Weighted-Average

Remaining Vesting 

Period (Years)

Employees and directors  $31,183    1.39 
Schedule of Stock-Based Compensation Award Activity (Shares)

A summary of stock-based compensation award activity (shares) during the three months ended March 31, 2025 is as follows:

   RSA  RSU  PRSU
Balance at January 1, 2025   4,827,044    268,084    1,406,560 
Granted   1,518,667    66,047    344,350(1)
Vested   (2,352,511)   (47,603)   
(337,625
)(2)
Forfeited   (27,156)   
    
 
Stock dividends accrued   
    441    3,286 
Balance at March 31, 2025   3,966,044    286,969(3)   1,416,571 
(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. 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) historical stock price volatilities ranging from 24.47% to 36.61% (average 31.38%); (iv) correlation coefficients based upon the price data used to calculate the historical volatilities; (v) a risk free interest rate of 4.28%; and (vi) an expected dividend yield of 0.00%.
(2)The payout on PRSUs vesting in January 2025 was 200%.
(3)Includes 103,829 deferred RSUs that have vested.