v3.26.1
EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Schedule of equity option activity and related information

For the three months ended March 31, 2026

Weighted-average

Weighted-average

Remaining Contractual

Aggregate Intrinsic

  ​ ​ ​

Stock Options

  ​ ​ ​

Exercise Price

  ​ ​ ​

Term (Years)

  ​ ​ ​

Value (in thousands) (a)

Beginning balance, outstanding

 

856,092

$

21.98

1.7

$

302

Other

 

10,075

14.89

0.9

Exercised

(68,611)

8.71

Ending balance, outstanding

 

797,556

$

23.04

1.5

$

665

Ending balance, exercisable

797,556

$

23.04

1.5

$

665

Nonvested as of March 31, 2026

$

(a) Aggregate intrinsic value for stock options is based on the difference between the exercise price of the stock options and the quoted closing Class A common stock price of $15.30 and $10.52 as of March 31, 2026 and December 31, 2025, respectively.

Schedule of percentage of target PSUs earned

Performance Level

Relative TSR (%)

Absolute TSR between 0% and 15%*

Absolute TSR greater than 15%

Absolute TSR less than 0%

Maximum

Greater than or equal to 80%

200%

200%

100%

Target

55%

100%

100%

100%

Threshold

25%

50%

50%

50%

Below Threshold

Less than 25%

0%

50%

0%

*The percentage of target PSUs that become earned PSUs for performance that is between the values set forth in the table above, excluding between the third and fourth rows of the table, shall be linearly interpolated between the values in the table.

Summary of activity related to the units outstanding

  ​ ​ ​

PSUs

Nonvested as of December 31, 2025

1,678,541

Target shares granted

929,214

Target shares vested (1)

(852,901)

Adjustment for performance factor(1)

95,653

Target shares forfeited (1)

(39,856)

Target shares outstanding as of March 31, 2026

1,810,651

(1)The PSUs granted in 2023 related to ROA and free cash flow (“FCF”) vested at 124% and 90% of target, respectively.
Restricted stock  
Schedule of restricted stock activity

For the three months ended March 31, 2026

Weighted-average

  ​ ​ ​

Restricted Stock Awards

  ​ ​ ​

Grant Date Fair Value

Nonvested as of December 31, 2025

2,245,950

$

9.41

Granted

864,675

13.57

Vested

(798,279)

13.65

Forfeited

(6,636)

13.09

Nonvested as of March 31, 2026

2,305,710

$

9.49