v3.26.1
Share-based compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Expense
The following table summarizes the share-based compensation and liability classified awards expense we recognized by award type for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Share options
$17.4 $3.0 $35.4 $5.4 
Restricted share units (1)
5.4 — 16.0 — 
Employee share purchase plan0.1 — 0.3 — 
Liability-classified awards 2.3 — 5.6 — 
Total share-based compensation expenses
$25.2 $3.0 $57.3 $5.4 
(1) Amount for the six months ended June 30, 2026 includes $8.4 million of expense related to the acceleration of restricted share units related to a separation agreement with a former executive. Under the terms of such separation agreement, the vesting of 442,250 previously unvested RSUs was accelerated as of the separation date, resulting in this incremental share-based compensation expense.
Schedule of the Activity Related to Share Option Awards
The following table summarizes the activity related to share option awards for the six months ended June 30, 2026:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic ValueWeighted- Average Fair Value
Outstanding as of January 1, 202641,778,521$21.43 9.1$— $7.12 
Granted— — — 
Exercised— — — 
Canceled(767,981)19.42 — — 
Forfeited(1,070,309)21.62 — — 
Outstanding as of June 30, 202639,940,231$21.46 8.6$ $7.17 
Options exercisable as of June 30, 20269,618,884$20.06 7.6$— $2.87 
Options unvested as of June 30, 202630,321,347$21.91 8.9$— $8.54 
Schedule of Nonvested Restricted Share Units Activity
The following table summarizes the activity related to RSUs for the six months ended June 30, 2026:
Number of Restricted Share UnitsWeighted-Average Grant-Date Fair Value
Unvested as of January 1, 20261,926,188$20.19 
Granted5,491,45711.72 
Vested(526,747)20.80 
Forfeited(441,823)20.20 
Unvested as of June 30, 20266,449,075$12.93