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Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Valuation Assumptions

Fair value of PSUs, including dividend equivalent rights, was determined using a Monte Carlo simulation, with the following assumptions.

						2026 Grant						2025 Grant						2024 Grant
Expected volatility(1)						30.5		%				35.7		%				35.6		%
Risk free rate(2)						4.0		%				4.0		%				4.3		%
Expected dividend yield(3)						—						—						—

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(1)Based upon the Company’s historical stock volatility.

(2)Based upon the continuously compounded zero-coupon U.S. Treasury yield for the term coinciding with the measurement period of the award as of valuation date.

(3)Based upon award holders being entitled to dividends paid during the measurement period on any shares earned.

Summary of Awards Granted or Vested

The table below summarizes the Company’s awards granted, forfeited or vested under the 2022 Plan during the three months ended March 31, 2026 and 2025:

						Number of Shares																		Weighted Average Grant Date Fair Value
						Restricted Stock						PSUs						Total						Restricted Stock						PSUs
Unvested shares at December 31, 2024						2,742,917						918,434						3,661,351						$	6.92					$	8.60
Granted						1,618,509						542,789						2,161,298						5.97						6.78
Vested						(1,428,999)						—						(1,428,999)						7.21						—
Unvested shares at March 31, 2025						2,932,427						1,461,223						4,393,650						6.25						7.93
Unvested shares at December 31, 2025						2,865,399						1,461,223						4,326,622						$	6.27					$	7.93
Granted						1,907,157						588,839						2,495,996						5.61						7.08
Vested						(1,222,270)						(384,378)						(1,606,648)						6.50						9.69
Unvested shares at March 31, 2026						3,550,286						1,665,684						5,215,970						5.83						7.22

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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