v3.22.4
Stock-Based Compensation and Equity (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of the SAR Activity
A summary of the Rollover SARs activity for the years ended December 31, 2022 and 2021 is presented below:
Rollover SARsWeighted Average
Exercise Price
Per Share
Weighted Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic Value (in millions)
Outstanding, December 31, 20202,474,011 17.59 6.607.8 
Forfeited(409,566)18.50 
Exercised(59,733)9.32 
Outstanding, December 31, 20212,004,712 17.65 5.62— 
Forfeited(608,481)18.47
Exercised(56,808)7.36
Outstanding, December 31, 20221,339,423 17.71 4.67— 
Exercisable at December 31, 20221,339,423 $17.71 4.67— 
Summary of Restricted Stock Unit Activity
The following summarizes information about RSU transactions for the year ended December 31, 2022:
 UnitsWeighted Average Grant-Date Fair Value per Unit
Unvested at December 31, 20219,570,667 $16.12 
Granted5,359,600 6.56 
Vested(2,913,544)17.14 
Forfeited(2,421,196)15.98 
Unvested at December 31, 20229,595,527 11.60 
Summary of Performance Stock Unit Activity
The following summarizes information about PSU transactions for the year ended December 31, 2022:
 UnitsWeighted Average Grant-Date Fair Value per Unit
Unvested at December 31, 20219,643,666 $17.23 
Granted4,793,506 7.31 
Vested(4,022,778)19.56 
Forfeited(1,463,623)14.15 
Unvested at December 31, 20228,950,771 11.31 
Schedule of Stock-Based Compensation Expense Stock-based compensation expense in connection with all stock-based awards for the years ended December 31, 2022, 2021 and 2020 is allocated as follows (in thousands):
 Year ended December 31,
 202220212020
Operating expenses$7,892 $16,567 $20,157 
Selling expenses39,584 103,239 101,623 
General and administrative expenses31,258 46,622 76,433 
Total stock-based compensation$78,734 $166,428 $198,213