v3.25.4
STOCK-BASED AND OTHER COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Plans
The following table summarizes the impact on the consolidated statements of income of the various stock-based compensation plans and other compensation plans ($ in thousands):
Year Ended December 31,
202520242023
Stock-based compensation expense$20,329 $18,829 $18,577 
Total Stock-Based Compensation Expense$20,329 $18,829 $18,577 
(1)Variance between twelve months ended December 31, 2025, 2024, and 2023 is primarily due to timing of 2023, 2024 and 2025 employee stock and bonus compensation.
Schedule of the Grants
A summary of the grants is presented below:
 Year Ended December 31,
 202520242023
Number
of Shares		Weighted
Average
Fair Value
Per Share		Number
of Shares		Weighted
Average
Fair Value
Per Share		Number
of Shares		Weighted
Average
Fair Value
Per Share
Grants - Class A Common Stock1,852,016 $11.67 1,855,541 $10.70 1,417,561 $11.58 
Schedule of Nonvested Shares Activity
The table below presents the number of unvested shares of Class A common stock and outstanding stock options at December 31, 2025 and changes during 2025 of the Class A common stock and stock options of Ladder Capital Corp:
Restricted StockWeighted Average Grant Date Fair ValueStock Options
Nonvested/Outstanding at December 31, 20242,020,752 $12.28 623,788 
Granted1,852,016 11.67 — 
Vested(1,778,588)11.49 — 
Expired— — (439,760)
Nonvested/Outstanding at December 31, 20252,094,180 $12.42 184,028 
Exercisable at December 31, 2025 (1)184,028 
(1)The weighted average exercise price of outstanding options is $11.86 at December 31, 2025.