v3.26.1
Equity Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Stock Activity
Activity of the Company’s Restricted Stock and their related equity based compensation expense are summarized in the following tables (amounts in thousands, except share and per share data):
Restricted Stock - Class A
AmountWeighted Average Grant Date Fair Value
Unvested at December 31, 202564,187 $18.61 
Granted— — 
Forfeited— — 
Vested(64,187)18.61 
Unvested at June 30, 2026— $— 
Six months endedThree months ended
June 30,June 30,
2026202520262025
Equity based compensation expense - Restricted Stock$445 $225 $146 $103 
Activity of the Company’s PSU and RSU awards and their related equity based compensation expense are summarized in the following tables (amounts in thousands, except share and per share data):
PSU AwardsRSU Awards
AmountWeighted Average Grant Date Fair ValueAmountWeighted Average Grant Date Fair Value
Unvested at December 31, 2025605,039 $9.78 2,320,867 $8.73 
Granted791,262 7.31 1,321,504 6.93 
Forfeited(19,709)8.52 (43,306)7.95 
Vested— — (788,334)9.02 
Unvested at June 30, 20261,376,592 $8.37 2,810,731 $7.82 
Six months endedThree months ended
June 30,June 30,
2026202520262025
Equity based compensation expense - PSUs(1)
$1,417 $246 $954 $173 
Equity based compensation expense - RSUs(2)
$4,196 $2,919 $2,313 $1,519 
(1) Total unrecognized equity based compensation for the PSUs to be recognized in future periods is $8.9 million at June 30, 2026, and will be recognized over a weighted average period of 2.20 years. Equity based compensation expense is recorded within selling, general and administrative expenses on our condensed consolidated statements of comprehensive income.
(2) Total unrecognized equity based compensation for the RSUs to be recognized in future periods is $19.2 million at June 30, 2026, and will be recognized over a weighted average period of 2.55 years. Equity based compensation expense is recorded within selling, general and administrative expenses on our condensed consolidated statements of comprehensive income.