v3.25.4
Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Total Stock Grants The table below summarizes total stock grants as of December 31, 2025 with a vesting date after January 1, 2023.

 

Grant Date

Class of common stock granted

Total number of shares granted

 

Grant Date Fair Value Per Share

 

Total Fair Value of Grant

 

Proportion of total shares that vest annually

 

Vesting Date Year 1

Vesting Date Year 2

Vesting Date Year 3

December 1, 2020

Class I

 

1,393

 

$

21.54

 

$

30

 

 

1/3

 

12/1/2021

12/1/2022

12/1/2023

October 14, 2021

Class I

 

1,477

 

$

20.31

 

$

30

 

 

1/3

 

10/14/2022

10/14/2023

10/14/2024

October 3, 2022

Class I

 

1,534

 

$

19.55

 

$

30

 

 

1/3

 

10/3/2023

10/3/2024

10/3/2025

September 29, 2023

Class I

 

1,722

 

$

17.42

 

$

30

 

 

1/3

 

9/29/2024

9/29/2025

9/29/2026

September 12, 2024

Class I

 

1,812

 

$

16.56

 

$

30

 

 

1/3

 

9/12/2025

9/12/2026

9/12/2027

September 18, 2025

Class I

 

1,871

 

$

16.03

 

$

30

 

 

1/3

 

9/18/2026

9/18/2027

9/18/2028

Summary of Restricted Shares Granted under RSP

A summary table of the status of the restricted shares granted under the RSP is presented below:

 

 

 

Restricted Shares

 

 

Weighted
Average
Grant Date
Fair Value Per Share

 

Outstanding at December 31, 2024

 

 

3,471

 

 

$

17.29

 

Granted

 

 

1,871

 

 

 

16.03

 

Vested

 

 

1,689

 

 

 

17.76

 

Converted

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

Outstanding at December 31, 2025

 

 

3,653

 

 

$

16.42