Equity-based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity was as follows during the periods indicated:


	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
	Restricted Stock Units	Weighted Average Grant Date Fair Value		Restricted Stock Units
Unvested at beginning of period	12,636,460	$	29.23	10,377,568





Granted	5,543,344	15.51		4,452,672

Vested	(1,359,913)	38.24		(633,337)
Forfeited	(1,345,421)	30.19		(929,469)
Unvested at end of period	15,474,470	23.44		13,267,434

Restricted stock activity was as follows during the periods indicated:


	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
	Restricted Stock	Weighted Average Grant Date Fair Value		Restricted Stock
Unvested at beginning of period	347,976	$	34.55	858,560






Vested	(225,560)	46.61		(242,680)
Forfeited	—	—		(6,733)
Unvested at end of period	122,416	12.32		609,147

Schedule of Unvested Options Activity

Options activity was as follows during the period indicated:


	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
	Options	Weighted Average Exercise Price		Options
Outstanding at beginning of period	279,553	$	21.00	323,002

Exercised	—	—		(11,236)
Expired	(6,474)	21.00		(10,095)
Forfeited	—	—		(3,106)
Outstanding at end of period	273,079	21.00		298,565

Options have a maximum contractual term of ten years. The aggregate intrinsic value and weighted average remaining contractual terms of Options outstanding and Options exercisable were as follows as of March 31, 2024:


	March 31, 2024
Aggregate intrinsic value (in millions)(1)
Options outstanding	$	—
Options exercisable	—
Weighted average remaining contractual term (in years)
Options outstanding	6.0 years
Options exercisable	6.0 years

________________

(1)The aggregate intrinsic value of options outstanding and exercisable is zero, as all options are out of the money

Schedule of Unamortized Equity-Based Compensation Costs

As of March 31, 2024, unamortized equity-based compensation costs related to each equity-based incentive award described above is the following:


(in millions)	Amount		Weighted Average Remaining Service Period (in years)
Restricted stock units	$	314.7	2.7

Restricted stock	0.3		0.4



HSKB Phantom Units	12.4		2.6
Employee Stock Purchase Plan	0.5		0.2
Total unamortized equity-based compensation cost	$	327.9	2.7