v3.25.2
Employee Incentive Plans (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
RSUs
$9,236 $11,573 $18,310 $23,555 
PBRSUs1,270 (258)2,117 1,359 
Stock-based compensation expense, gross10,506 11,315 20,427 24,914 
Less: Capitalized stock-based compensation expense1,441 1,866 2,843 3,921 
Stock-based compensation expense, net$9,065 $9,449 $17,584 $20,993 
Schedule of RSU Activity
The following table summarizes the Company’s RSU activity:
Number
of Units		Weighted-
Average
Grant Date
Fair Value
Unvested at December 31, 2024
5,638,230 $8.78 
Granted2,413,696 $11.50 
Vested(1,770,595)$9.21 
Forfeited/expired(285,168)$9.78 
Unvested at June 30, 2025
5,996,163 $9.70 
Schedule of PBRSU Activity
The following table summarizes the Company’s PBRSU activity:
Number
of Units		Weighted-
Average
Grant Date
Fair Value
Unvested at December 31, 2024
1,212,209 $8.68 
Granted325,472 $10.94 
Forfeited/expired(376,862)$10.09 
Unvested at June 30, 2025
1,160,819 $8.86