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STOCK BASED AND OTHER COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock based compensation plans summary
The following table summarizes the impact on the consolidated statements of income of the various stock-based compensation plans and other compensation plans ($ in thousands):
Three Months Ended March 31,
20232022
Stock-based compensation expense$9,124 $20,412 
Total Stock Based Compensation Expense(1)$9,124 $20,412 
(1)Variance between the three months ended March 31, 2023 and March 31, 2022 is primarily due to timing of the 2022 and 2021 grants of employee stock-based compensation.
Summary of the grants
A summary of the grants is presented below:
 Three Months Ended March 31,
 20232022
Number
of Shares/Options		Weighted
Average
Fair Value
Per Share		Number
of Shares		Weighted
Average
Fair Value
Per Share
Grants - Class A Common Stock1,417,561 $11.58 2,843,340 $11.89 
Schedule of nonvested shares activity
The table below presents the number of unvested shares of Class A common stock and outstanding stock options at March 31, 2023 and changes during 2023 of the Class A common stock and stock options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan:
Restricted StockWeighted Average Grant Date Fair ValueStock Options
Nonvested/Outstanding at December 31, 20222,529,571 $12.62 623,788 
Granted1,417,561 11.58 — 
Vested(1,697,350)12.14 — 
Forfeited(32,446)10.32 — 
Nonvested/Outstanding at March 31, 20232,217,336 $12.36 623,788 
Exercisable at March 31, 2023 (1)623,788 
(1)The weighted average exercise price of outstanding options is $14.84 at March 31, 2023.