v3.23.2

Employee Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2023

Postemployment Benefits [Abstract]

Total Stock-based Compensation Expense

Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
RSUs and PBRSUs			$	18,145					$	19,804					$	32,437					$	37,167
Stock options			—						20						—						40
Stock-based compensation expense, gross			18,145						19,824						32,437						37,207
Less: Capitalized stock-based compensation expense			2,317						2,051						4,721						3,740
Stock-based compensation expense, net			$	15,828					$	17,773					$	27,716					$	33,467

Schedule of RSU Activity

The following table summarizes the activities for the Company’s RSUs:

			Number of Units						Weighted- Average Grant Date Fair Value
Unvested at December 31, 2022			8,672,626						$	12.94
Granted			6,299,789						$	7.71
Vested			(2,761,401)						$	11.96
Forfeited/expired			(1,480,127)						$	12.72
Unvested at June 30, 2023			10,730,887						$	10.15

Schedule of PBRSU Activity

The following table summarizes the activities for the Company’s PBRSUs:

			Number of Units						Weighted- Average Grant Date Fair Value
Unvested at December 31, 2022			1,754,898						$	11.19
Granted			807,499						$	7.15
Vested			(870,766)						$	4.22
Forfeited/expired			(104,084)						$	11.77
Unvested at June 30, 2023			1,587,547						$	12.63

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- References

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- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

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

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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.

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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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