v3.26.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Aggregate Share-based Compensation Expense

A summary of the Company’s aggregate share-based compensation expense is shown below. Share-based compensation expense related to incentive units allocated to the Company is recognized as a deemed non-cash contribution to shareholders’ equity on the condensed consolidated balance sheets. Substantially all share-based compensation expense is included in general and administrative expense on the condensed consolidated statements of operations.

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Incentive Units

 

$

9,002

 

 

$

8,945

 

Restricted Share Units

 

 

2,262

 

 

 

2,195

 

Total share-based compensation expense

 

$

11,264

 

 

$

11,140

 

 
Summary of Incentive Unit Activity

A summary of Incentive Unit activity during the three months ended March 31, 2026 is shown in the following table:

 

 

 

Incentive Units

 

 

Weighted Average Grant Date Fair Value

 

 

Weighted Average Remaining Contractual Term (years)

 

Outstanding at December 31, 2025

 

 

30,220

 

 

$

5,144

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

Forfeited

 

 

(22

)

 

 

7,904

 

 

 

 

Outstanding at March 31, 2026

 

 

30,198

 

 

$

5,142

 

 

 

0.73

 
Summary of RSU Activity

A summary of RSU activity during the three months ended March 31, 2026 is shown in the following table:

 

RSUs

 

 

Weighted Average Grant Date Fair Value

 

Nonvested at December 31, 2025

 

 

537,481

 

 

$

33.96

 

Granted

 

 

270

 

 

 

55.38

 

Forfeited

 

 

(363

)

 

 

55.08

 

Vested

 

 

(1,073

)

 

 

63.63

 

Nonvested at March 31, 2026

 

 

536,315

 

 

$

33.90