Equity-Based Compensation (Tables)

The following table summarizes the weighted average discounts for plan grants, bonus grants and performance grants:


	Years ended December 31,
	2023		2022		2021
Plan grants:
Discount for the lack of distributions until vested1	—	%	0.2	%	—	%
Marketability discount for transfer restrictions2	15.4	%	10.0	%	12.7	%
Bonus grants:
Marketability discount for transfer restrictions2	4.0	%	3.5	%	3.5	%
Performance grants:
Discount for the lack of distributions until vested1	0.2	%	1.3	%	7.3	%
Marketability discount for transfer restrictions2	9.7	%	7.6	%	5.6	%

1 Based on the present value of a growing annuity calculation.
2 Based on the Finnerty Model calculation.

The following table summarizes all RSU activity for the current period:


	Unvested	Weighted Average Grant Date Fair Value		Vested	Total Number of RSUs Outstanding
Balance at January 1, 2023	18,263,875	$	57.18	15,656,775	33,920,650

Granted	6,434,071	66.88		6,943,065	13,377,136
Forfeited	(402,445)	63.83		(25,880)	(428,325)
Vested	(7,602,598)	56.42		7,602,598	—
Issued	—	—		(8,109,506)	(8,109,506)
Balance at December 31, 2023	16,692,903	$	62.92	22,067,052	38,759,955

The following table summarizes the restricted stock award activity:


	Unvested	Weighted Average Grant Date Fair Value		Vested	Total Shares of Restricted Stock Outstanding
Balance at January 1, 2023	1,158,710	$	65.96	474,922	1,633,632
Granted	551,333	73.74		—	551,333
Forfeited	(10,880)	70.19		—	(10,880)
Vested	(690,665)	66.89		690,665	—
Issued 1	—	66.89		(690,665)	(690,665)
Balance at December 31, 2023	1,008,498	$	66.34	474,922	1,483,420
1 Refers to issued shares that became freely transferable in 2023.