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EQUITY-BASED COMPENSATION | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
EQUITY-BASED COMPENSATION | 10. EQUITY-BASED COMPENSATION On August 1, 2022, we established a Nonqualified Stock Option and Incentive Award Plan (“Incentive Plan”) which provides for the ability to grant equity compensation awards in the form of stock options, stock appreciation rights, restricted stock, and performance awards to eligible employees, consultants, directors, and other individuals who provide services to us, each as determined by the Compensation Committee of the board of directors. As of March 31, 2024, the Incentive Plan provides for the issuance of up to 30.0 million shares. We report equity-based compensation expense within Operating expenses and General and administrative in the Consolidated Statements of Operations. Subsidiary Stock-Based Compensation The following table presents the expense related to our subsidiary stock-based compensation arrangements recognized in the Consolidated Statements of Operations:
| Expense Recognized During the Three Months Ended March 31, |  |  |  | Remaining Expense To Be Recognized, If All Vesting Conditions Are Met |  | Weighted Average Remaining Contractual Term (in years)
| 2024 |  | 2023 |  |  |  |  |  |
Restricted shares | $ | — |  |  | $ | 444 |  |  |  |  |  |  | $ | — |  |  | 0.0
Common units | 290 |  |  | 451 |  |  |  |  |  |  | 1,801 |  |  | 0.8
Total | $ | 290 |  |  | $ | 895 |  |  |  |  |  |  | $ | 1,801 |  |  |
Restricted Stock Units to Subsidiary Employees During the year ended December 31, 2023, we issued restricted stock units (“RSUs”) of our common stock that had a grant date fair value of $16.9 million, based on the closing price of FIP’s stock on the grant date, and vest over three years. These awards were made to employees of certain of our subsidiaries, are subject to continued employment, and the compensation expense is recognized ratably over the vesting periods. This grant fully canceled and replaced the vested and unvested restricted shares of our subsidiary issued in the first quarter of 2021. The following table presents the expense related to our restricted stock units to subsidiary employees recognized in the Consolidated Statements of Operations:
| Expense Recognized During the Three Months Ended March 31, |  |  |  | Remaining Expense To Be Recognized, If All Vesting Conditions Are Met |  | Weighted Average Remaining Contractual Term (in years)
| 2024 |  | 2023 |  |  |  |  |  |
Restricted stock units | $ | 2,050 |  |  | $ | — |  |  |  |  |  |  | $ | 5,285 |  |  | 1.2
Total | $ | 2,050 |  |  | $ | — |  |  |  |  |  |  | $ | 5,285 |  |  |

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