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EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of equity option activity and related information

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the six months ended June 30, 2026
​	​	​	​	​	​	​	Weighted-average	​	​	​
​	​	​	​	Weighted-average		​	Remaining Contractual	​	Aggregate Intrinsic
​	​ ​ ​	Stock Options	​ ​ ​	Exercise Price		​ ​ ​	Term (Years)	​ ​ ​	Value (in thousands) (a)
Beginning balance, outstanding		856,092	​	$	21.98	​	1.7	​	$	302
Other		10,075	​	​	14.89	​	0.6	​	​	​
Exercised	​	(136,404)	​	​	8.69	​	​	​	​	​
Expired	​	(5,334)	​	​	20.00	​	​	​	​	—
Ending balance, outstanding		724,429	​	$	24.40	​	1.4	​	$	366
Ending balance, exercisable	​	724,429	​	$	24.40	​	1.4	​	$	366
Nonvested as of June 30, 2026	​	—	​	$	—	​	​	​	​	​

​

^(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 $19.98 and $10.52 as of June 30, 2026 and December 31, 2025, respectively.

Schedule of percentage of target PSUs earned

​

​	​	​	​	​	​	​	​	​
Performance Level	​	Relative TSR (%)	​	Absolute TSR between 0% and 15%*	​	Absolute TSR greater than 15%	​	Absolute TSR less than 0%
Maximum	​	Greater than or equal to 80%	​	200%	​	200%	​	100%
Target	​	55%	​	100%	​	100%	​	100%
Threshold	​	25%	​	50%	​	50%	​	50%
Below Threshold	​	Less than 25%	​	0%	​	50%	​	0%

​

*The percentage of target PSUs that become earned PSUs for performance that is between the values set forth in the table above, excluding between the third and fourth rows of the table, shall be linearly interpolated between the values in the table.

Summary of activity related to the units outstanding

​

​	​	​
​	​ ​ ​	PSUs
Nonvested as of December 31, 2025	​	1,678,541
Target shares granted	​	954,766
Target shares vested (1)	​	(852,901)
Adjustment for performance factor(1)	​	95,653
Target shares forfeited (1)	​	(39,856)
Target shares outstanding as of June 30, 2026	​	1,836,203

​

(1) The PSUs granted in 2023 related to ROA and free cash flow (“FCF”) vested at 124% and 90% of target, respectively.

Restricted stock

Schedule of restricted stock activity

​

​	​	​	​	​	​
​	​	For the six months ended June 30, 2026
​	​	​	​	Weighted-average
​	​ ​ ​	Restricted Stock Awards	​ ​ ​	Grant Date Fair Value
Nonvested as of December 31, 2025	​	2,245,950	​	$	9.41
Granted	​	1,047,027	​	​	14.11
Vested	​	(995,928)	​	​	14.37
Forfeited	​	(26,415)	​	​	16.29
Nonvested as of June 30, 2026	​	2,270,634	​	$	9.32

X

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