Stock Awards

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Stock Awards

6. Stock Awards

During the second quarter of 2022, we amended the 2019 Equity Incentive Plan (the “Equity Incentive Plan”), which authorizes the issuance of common stock options, restricted stock, restricted stock units, deferred stock units, stock appreciation rights, performance units, and awards of interests in our Operating Partnership. Our Equity Incentive Plan is administered by the Compensation Committee of the Board of Directors, and we have reserved 28.9 million shares of common stock for awards, of which 8.6 million shares remain available for future stock awards as of June 30, 2024. Share-based compensation expense totaled $16.2 million (including $2.0 million related to certain grants in 2024 with cash-settlement features) and $18.3 million for the six months ended June 30, 2024 and 2023, respectively.