NOTE 15—SHARE-BASED COMPENSATION Refer to the Annual Report for definitions of capitalized terms not included herein and further background on the Company’s share-based compensation programs included in the tables below. The Company’s board of directors approved the 2014 Omnibus Plan, adopted on May 28, 2014 and last amended on June 25, 2025 under which 10.0 million ordinary shares is the maximum number that may be delivered upon satisfaction of awards granted. The following table summarizes the Company’s share-based compensation expense for the three and six months ended June 30, 2026 and 2025, as well as unrecognized compensation cost as of June 30 2026: | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | | June 30, | | June 30, | | Unrecognized | | Weighted | | | 2026 | | 2025 | | 2026 | | 2025 | | Compensation Cost | | Average Years | RSUs | | $ | 0.4 | | $ | 0.8 | | $ | 1.0 | | $ | 3.6 | | $ | 0.3 | | 0.9 | Options | | | — | | | 0.1 | | | — | | | 0.2 | | | — | | — | PSUs | | | 0.3 | | | 0.6 | | | 0.7 | | | 1.2 | | | 1.3 | | 1.4 | Restricted Cash Units ("RCUs") (1) | | | 0.1 | | | 0.5 | | | (1.0) | | | 2.7 | | | 0.6 | (2) | 1.1 | Total share-based compensation expense | | $ | 0.8 | | $ | 2.0 | | $ | 0.7 | | $ | 7.7 | | | | | |
| (1) | In January 2026, the Company approved one-time conditional retention bonus awards for certain executive officers and, subject to the terms of the awards, agreed to the cancellation of unvested cash-settled long-term incentive awards previously granted under the Company’s Amended and Restated 2014 Omnibus Incentive Plan. There were 1,115,886 RCUs that were forfeited in the six months ended June 30, 2026 related to the one-time conditional retention bonus awards. |
| (2) | Unrecognized Compensation Cost related to RCU awards as of June 30, 2026 is calculated using the stock price, subject to certain minimum and maximum amounts, as of June 30, 2026. |
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