Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation and Other Compensation Plans (Tables)

v3.25.0.1
Stock-Based Compensation and Other Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Stock-Based Compensation and Other Compensation Plans  
Schedule of RSU activity

    

RSUs

    

Weighted-Average Grant Date Fair Value

Outstanding at December 31, 2023

1,606,303

$

11.72

Granted

1,517,153

12.29

Forfeited

(90,911)

12.00

Vested (1)

(856,614)

12.13

Outstanding at December 31, 2024

2,175,931

$

11.94

(1) Includes 60,078 of awards that vested but have not yet been issued. For these awards, the requisite service period was met during the three months ended September 30, 2024, and the awardees elected to defer issuance until retirement. Compensation expense for these shares was previously recognized over the requisite service period.
Schedule of PSU activity

    

PSUs

    

Weighted-Average Grant Date Fair Value

Outstanding at December 31, 2023

404,993

$

13.06

Granted

281,527

29.38

Forfeited

(9,957)

14.23

Vested (1)

(107,225)

25.36

Outstanding at December 31, 2024

569,338

$

18.79

(1) On December 31, 2024, the performance period ended for these PSUs. Each PSU was converted into 1.57 shares representing 168,742 shares of Class A common stock that were issued in February 2025.
Schedule of assumptions to estimate the fair value of PSUs

Year Ended December 31, 

    

2024

2023

    

2022

Risk-free Interest Rate

4.67%

4.32%

1.44%

Volatility Range

17.04% - 61.19%

24.31% - 78.49%

35.95% - 154.23%