v3.24.1.u1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
The following table shows restricted stock unit (“RSU”) and stock option activity for the three months ended March 31, 2024:
Time-BasedPSPLTIPTotalWeighted Average Exercise Price of OptionsWeighted Average FMV
of
RSUs
OptionsRSUsOptionsRSUsOptionsRSUs
Outstanding at December 31, 202310,360 17,881 1,389 13,809 10,506 1,255 55,200 $7.10 $21.01 
Granted200 5,287 — 942 — — 6,429 49.67 43.86 
Exercised options / vested RSUs(400)(2,259)— — (230)(261)(3,150)4.54 26.04 
Change in awards due to performance-based multiplier— — — — — — — — — 
Forfeited— (558)— (201)— (73)(832)— 24.86 
Outstanding at March 31, 202410,160 20,351 1,389 14,550 10,276 921 57,647 $7.56 $26.34 
Summary of Stock Compensation Expense The following tables shows stock compensation expense for the three months ended March 31, 2024 and 2023:
Three months ended March 31, 2024Three months ended March 31, 2023
OptionsRSUsTotalOptionsRSUsTotal
Time-based (1)
$2,044 $39,057 $41,101 $3,844 $44,807 $48,651 
PSP (2)
— 52,352 52,352 — 24,015 24,015 
LTIP (2)
— 82 82 — 44,734 44,734 
Total$2,044 $91,491 $93,535 $3,844 $113,556 $117,400 
(1) Time-based awards vest and are expensed over a defined service period.
(2) PSP and LTIP awards vest based on defined performance criteria and are expensed based on the probability of achieving such criteria.