v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense recognized for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Equity Awards
Restricted Stock
$9,353 $7,713 $18,222 $13,927 
Performance stock units9,968 12,451 17,301 23,166 
Total stock-based compensation expense
$19,321 $20,164 $35,523 $37,093 
Schedule of Restricted Stock Activity
The following table provides information about Restricted Stock activity during the six months ended June 30, 2026:
Restricted StockWeighted Average Fair Value
Unvested balance as of December 31, 20256,107,715 $14.17 
Granted488,326 18.77 
Vested(1,256,561)13.74 
Forfeited(116,764)14.06 
Unvested balance as of June 30, 20265,222,716 14.71 
Summary of Stock Option Activity
The following table provides information about stock option awards outstanding during the six months ended June 30, 2026:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Term
(in years)		Aggregate Intrinsic Value
(in thousands)
Outstanding as of December 31, 2025239,533 $16.11 $339 
Exercised(118,533)16.51 346 
Expired— — 
Outstanding as of June 30, 2026121,000 15.72 1.8386 
Exercisable as of June 30, 2026121,000 15.72 1.8386 
Schedule of Variable Performance Stock Units Valuation Assumptions
The following table summarizes the key assumptions and related information used to determine the fair value of PSUs granted during the six months ended June 30, 2026:
2026 Awards
Fair value per share
$28.07
Expected implied stock volatility41.4%
Risk-free interest rate3.4%
Share-based Payment Arrangement, Performance Shares, Outstanding Activity
The following table provides information about PSUs outstanding during the six months ended June 30, 2026:
AwardsWeighted Average Fair Value
Unvested balance as of December 31, 20255,238,609 $17.93 
Granted1,964,333 28.07 
Vested
— — 
Forfeited— — 
Unvested balance as of June 30, 20267,202,942 20.70