v3.25.2
Share-Based Payment Plans
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Plans Share-Based Payment Plans
The following table presents the components of non-cash compensation expense related to our equity awards for the three and six months ended June 30, 2025 and 2024:
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Stock options$— $569 $— $569 
Restricted securities 4,516 3,242 11,367 11,375 
Share-based compensation expense$4,516 $3,811 $11,367 $11,944 
Equity Awards
We granted the following restricted stock units ("RSUs" and each, an "RSU") and performance-based restricted stock units ("PRSUs" and each, a "PRSU") during the six months ended June 30, 2025:
Awards Granted To:Type of AwardNumber of Units Granted (in thousands)Weighted Average Grant Date Fair Value
Directors, various executives, and employees
RSU (1)
140 $26.23 
Various executives and employees
RSU (2)
904 $24.66 
Various executives and employees
PRSU (3)
248 $24.23 
Various executives and employees
PRSU (4)
248 $25.64 
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(1)    These awards cliff vest up to one year from the grant date (various dates between January 2026 and June 2026).
(2)    These RSUs vest ratably over three years, one-third per year beginning on the first anniversary of the grant date. These RSUs will fully vest on various dates between January 2028 and June 2028.
(3)    These PRSUs vest in April 2028. The number of units that ultimately vest will be between 0% and 150% and is dependent on the achievement of certain performance criteria.
(4)    These awards include certain PRSUs with market performance conditions that will be evaluated relative to the performance of certain peers as defined in the award agreement. The number of units that ultimately vest (in April 2028) will be from
0% to 150%, depending on achievement of these performance criteria. Total grant date value of these PRSUs is approximately $6.4 million and was valued using the Monte Carlo method.