v3.25.3
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Class A and Class C Shares Activities
The table below summarizes Class A Share and Class C Share activities for the nine months ended September 30, 2025:
Number of Shares
Weighted Avg Grant-Date Fair Market Value Per Unit
Outstanding and unvested shares at December 31, 20245,399,730 $28.89 
Vested
2,359,102 31.18 
Outstanding and unvested shares at September 30, 2025
3,040,628 $27.12 
Schedule of Aggregate Intrinsic Value (Market Value At Vesting Date)
The table below summarizes aggregate intrinsic value (market value at vesting date) and grant-date fair value of vested Class A Shares for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Aggregate intrinsic value of vested Class A Shares$— $1,102 $134,139 $1,756 
Grant-date fair value of vested Class A Shares$— $834 $73,545 $1,346 
Schedule of Nonvested Restricted Stock Shares Activity
The table below summarizes RSUs activities for the nine months ended September 30, 2025:
Number of Shares
Weighted Avg Grant-Date Fair Market Value Per Unit
Outstanding and unvested shares at December 31, 2024698,595 $33.11 
Granted
578,548 49.58 
Vested
293,944 46.40 
Forfeited
17,536 41.13 
Outstanding and unvested shares at September 30, 2025(1)
965,663 $41.06 
(1)The weighted average grant-date fair market value per unit of outstanding and unvested shares at September 30, 2025 includes modifications made during 2025.
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The table below summarizes aggregate intrinsic value (market value at vesting date) and grant-date fair value of RSUs for the three and nine months ended September 30, 2025 and 2024.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Aggregate intrinsic value of vested RSUs$1,031 $387 $15,139 $11,469 
Grant-date fair value of vested RSUs$1,021 $372 $13,618 $11,243 
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity
The table below summarizes PSU activities for the nine months ended September 30, 2025:
Number of Shares
Weighted Avg Grant-Date Fair Market Value Per Unit
Outstanding and unvested shares at December 31, 2024198,703 $36.76 
Granted 148,794 40.66 
Outstanding and unvested shares at September 30, 2025(1)
347,497 $41.41 
(1)The weighted average grant-date fair market value per unit of outstanding and unvested shares at September 30, 2025 includes modifications made during 2025.
Schedule of Share-Based Payment Award, Other Than Options, Valuation Assumptions
The table below presents a summary of the grant-date fair value assumptions used to value the PSUs granted during 2025:
March 2025
Grant-date fair value per unit$42.10
Beginning average price
$55.95
Risk-free interest rate3.93%
Volatility factor33%
Expected term
2.82 years