v3.25.1
Management Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2025
RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes the Company's service-based RSU activity for the three months ended March 31, 2025:
 AwardsWeighted-Average
Grant Date
Fair Value
Unvested at December 31, 2024149,806 $22.79 
Granted30,481 85.09 
Vested(89,858)19.88 
Forfeited(152)45.47 
Unvested at March 31, 202590,277 $46.68 
MRSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Units Activity
 AwardsWeighted-Average
Grant Date
Fair Value
Unvested at December 31, 2024— $— 
Granted49,460 89.75 
Vested— 
Forfeited— — 
Unvested at March 31, 202549,460 $89.75 
PRSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes the Company's PRSU activity for the three months ended March 31, 2025:
 AwardsWeighted-Average
Grant Date
Fair Value
Unvested at December 31, 2024496,286 $15.91 
Granted— — 
Performance factor adjustment(1)
106,471 8.21 
Vested(319,430)8.21 
Forfeited(452)45.47 
Unvested at March 31, 2025282,875 $21.67 
(1)     Performance-based awards covering the three-year period ended December 31, 2024 were paid out in the first quarter of 2025 based on the approval of the Company's Compensation Committee. The performance factor during the measurement period used to determine compensation payouts was 150% of the pre-defined metric target of 100%, which resulted in a positive performance factor adjustment and the issuance of 106,471 shares of the Company's common stock as additional awards associated with the original grant.