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EQUITY-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of equity option activity and related information

For the year ended December 31, 2024

    

Weighted-average

Weighted-average

Weighted-average

Remaining Contractual

Aggregate Intrinsic

    

Stock Options

    

Grant Date Value

Exercise Price

    

Term (Years)

    

Value (in thousands) (a)

Beginning balance, outstanding

 

1,654,952

$

10.14

$

17.01

3.2

$

Exercised

(432,268)

10.85

8.79

Expired

(192,089)

7.55

20.01

Ending balance, outstanding

 

1,030,595

$

9.38

$

19.89

2.5

$

1,399

Ending balance, exercisable

1,030,595

$

9.38

$

19.89

2.5

$

1,399

Nonvested as of December 31, 2024

N/A

$

(a)Aggregate intrinsic value for stock options is based on the difference between the exercise price of the stock options and the quoted closing Class A common stock price of $13.24 and $7.59 as of December 31, 2024 and 2023, respectively.
Summary of activity related to the units outstanding

    

PSUs

Nonvested as of December 31, 2023

1,946,726

Target shares granted

623,170

Target shares vested (1)

(303,917)

Target shares added by performance factor

27,630

Target shares forfeited (1)

(305,401)

Target shares outstanding as of December 31, 2024

1,988,208

(1)The PSUs granted in 2021 related to ROA vested at 110% of target and the FCF PSUs were forfeited.
Restricted Stock [Member]  
Schedule of restricted stock activity

For the year ended December 31, 2024

Weighted-average

    

Restricted Stock Awards

    

Grant Date Fair Value

Nonvested as of December 31, 2023

3,758,692

$

7.32

Granted

1,528,167

9.34

Vested

(2,491,644)

7.58

Forfeited

(124,805)

8.43

Nonvested as of December 31, 2024

2,670,410

$

8.18

Performance Shares [Member]  
Schedule of percentage of target PSUs earned

Ranking Among Peer Group

Percentage of Target Amount Earned

Outside of Top 10

0%

Top 10

50%

Top 7

100%

Top 3

175%

Adjusted FCF Performance Percentage

Percentage of Target Amount Earned

Less than 70%

0%

70%

50%

100%

100%

130%

175%

Ranking Among Peer Group

Percentage of Target Amount Earned

Outside of Top 10

0%

Top 10

50%

Top 7

100%

Top 3

200%

Performance Level

Absolute TSR (%)

Percentage of Target PSUs Earned

Below Threshold

Less than 0%

0%

Threshold

0%

50%

Target

10%

100%

Maximum

Greater than or equal to 30%

200%