v3.26.1
Equity-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation
4.
Equity-Based Compensation

We granted 29,383 and 8,984 restricted stock units (RSUs) during the three months ended June 30, 2026 and 2025, respectively, and granted 837,553 and 495,334 RSUs during the six months ended June 30, 2026 and 2025, respectively. Equity-based compensation expense related to RSUs was $29.4 million and $24.3 million during the three months ended June 30, 2026 and 2025, respectively, and $55.9 million and $53.1 million during the six months ended June 30, 2026 and 2025, respectively.

We present below a summary of changes during the six months ended June 30, 2026 in our unvested restricted stock units:

 

 

Number of shares/units

 

Outstanding at December 31, 2025

 

 

1,396,941

 

Granted

 

 

837,553

 

Vested

 

 

(570,387

)

Forfeited

 

(82,761

)

Outstanding at June 30, 2026

 

 

1,581,346