v3.24.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 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 nine months ended September 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 7,190 — 1,449 — — 9,200 26.22 42.64 
Exercised options / vested RSUs(1,184)(6,040)(2)— (230)(261)(7,717)2.56 26.18 
Change in awards due to performance-based multiplier— — — — — — — — — 
Forfeited(5)(1,373)— (748)— (134)(2,260)15.79 22.94 
Outstanding at September 30, 20249,732 17,658 1,387 14,510 10,276 860 54,423 $7.75 $27.81 
Summary of Stock Compensation Expense The following tables shows stock compensation expense for the three and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30, 2024Three Months Ended September 30, 2023
OptionsRSUsTotalOptionsRSUsTotal
Time-based (1)
$1,632 $45,073 $46,705 $1,849 $39,936 $41,785 
PSP (2)
— 38,814 38,814 — 21,876 21,876 
LTIP (2)
— 2,033 2,033 — 14,692 14,692 
Total$1,632 $85,920 $87,552 $1,849 $76,504 $78,353 

Nine Months Ended September 30, 2024Nine Months Ended September 30, 2023
OptionsRSUsTotalOptionsRSUsTotal
Time-based (1)
$11,610 $127,870 $139,480 $8,239 $123,495 $131,734 
PSP (2)
— 128,615 128,615 — 81,763 81,763 
LTIP (2)
— 3,212 3,212 — 71,449 71,449 
Total$11,610 $259,697 $271,307 $8,239 $276,707 $284,946 

(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.