v3.24.2.u1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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 
Granted561 6,284 — 1,361 — — 8,206 26.22 43.54 
Exercised options / vested RSUs(655)(4,229)(2)— (230)(261)(5,377)10.08 26.16 
Change in awards due to performance-based multiplier— — — — — — — — — 
Forfeited— (864)— (271)— (93)(1,228)— 24.20 
Outstanding at June 30, 202410,266 19,072 1,387 14,899 10,276 901 56,801 $7.63 $27.22 
Summary of Stock Compensation Expense The following tables shows stock compensation expense for the three and six months ended June 30, 2024 and 2023:
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
OptionsRSUsTotalOptionsRSUsTotal
Time-based (1)
$7,934 $43,740 $51,674 $2,546 $38,752 $41,298 
PSP (2)
— 37,449 37,449 — 35,872 35,872 
LTIP (2)
— 1,097 1,097 — 12,023 12,023 
Total$7,934 $82,286 $90,220 $2,546 $86,647 $89,193 
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
OptionsRSUsTotalOptionsRSUsTotal
Time-based (1)
$9,978 $82,797 $92,775 $6,390 $83,559 $89,949 
PSP (2)
— 89,801 89,801 — 59,887 59,887 
LTIP (2)
— 1,179 1,179 — 56,757 56,757 
Total$9,978 $173,777 $183,755 $6,390 $200,203 $206,593 

(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.