Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Option, Activity

The following table presents a summary of employee equity awards comprised of Class A OpCo Units and a corresponding quantity of shares of Class B Common Stock outstanding, granted, forfeited, vested on an accelerated basis and redeemed during the current year-to-date:


	Quantity		Calculated Value
	Period from June 8 - September 30, 2023 (Successor)	Period from January 1 - June 7, 2023 (Predecessor)	Period from June 8 - September 30, 2023 (Successor)		Period from January 1 - June 7, 2023 (Predecessor)
Unvested, beginning of period	1,895,122	226,494	$	4.95	$	63.25
Granted	—	—	$	—	$	—
Forfeited	(324,568)	—	$	5.66	$	—
Vested	—	(107,418)	$	—	$	63.18
Accelerated	(598,032)	—	$	4.32	$	—
Unvested, end of period	972,522	119,076	$	4.45	$	63.32

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table presents a summary of RSU's outstanding, granted, forfeited, vested on an accelerated basis and redeemed during the current year-to-date:


	Quantity		Fair Value
	Period from June 8 - September 30, 2023 (Successor)	Period from January 1 - June 7, 2023 (Predecessor)	Period from June 8 - September 30, 2023 (Successor)		Period from January 1 - June 7, 2023 (Predecessor)
Unvested, beginning of period	—	—	$	—	$	—
Granted	440,424	—	$	13.43	$	—
Forfeited	—	—	$	—	$	—
Vested	—	—	$	—	$	—
Accelerated	—	—	$	—	$	—
Unvested, end of period	440,424	—	$	13.43	$	—

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

JDA - The following table presents the quantity and value of equity issued to BHES as payment for costs incurred pursuant to the Original JDA and the Amended & Restated JDA (Note N). The portion of Original JDA and Amended and Restated JDA costs that the Company pays with Class A OpCo Units and shares of Class B Common Stock is recorded within additional paid in capital on the Consolidated Balance Sheets and the Consolidated Statement of Shareholders' Equity and Non-Controlling Interest. The Equivalent Value per Unit displays the discounted price per membership interest or per share stipulated in the Original JDA and the Amended and Restated JDA. The Total Fair Value columns display the fair value of shares distributed as payment for services rendered by BHES under the terms of the Original JDA and the Amended and Restated JDA.


	Quantity		Total Fair Value
	Period from June 8 - September 30, 2023 (Successor)	Period from January 1 - June 7, 2023 (Predecessor)	Period from June 8 - September 30, 2023 (Successor)		Period from January 1 - June 7, 2023 (Predecessor)		Equivalent Value per Unit or per Share
Membership Interests	—	9,210	$	—	$	1,943	$	168.75
Class A OpCo Units	542,324	296,160	3,585		1,958		$	5.29
Class B Common Stock	542,324	296,160	—		—		$	—
Total			$	3,585	$	3,901

The following table disaggregates the variable compensation payable to BHES should it meet its milestone objectives:


	Performance Period End Date	Compensation Cost Incurred To Date		Remaining Compensation Cost		Total Compensation Cost
JDA - variable share-based payments	January, 2027	$	20,557	$	6,788	$	27,345