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Share-Based Employee Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of RSA Activity
The following is a summary of the activity for RSAs:
Number
of RSAs
Weighted-average grant-date fair value
Balance at December 31, 20204,198,133 $22.00 
Vested(4,195,215)22.00 
Forfeited(2,918)22.00 
Balance at December 31, 2021—  
Schedule of Stock Options Valuation Assumptions
The following weighted-average assumptions and fair values were used to value options granted during the year ended December 31, 2019:
2019
Grant date fair value of options$7.73
Risk free rate1.9 %
Expected volatility32.8 %
Dividend yield— 
Expected term (in years)
6.0
Schedule of Stock Option Activity
The following is a summary of the activity for stock options:
Number
of options
Weighted-average exercise priceAggregate intrinsic valueWeighted-average
remaining contractual
term (years)
Balance at December 31, 2020900,271 $22.00 $1,981 8.5
Exercised(17,860)22.00 67 
Forfeited(10,206)22.00 37 
Balance at December 31, 2021872,205 22.00 3,672 5.5
Exercised(17,010)22.00 17 
Expired(51,602)22.00 29 
Forfeited(20,699)22.00 16 
Balance at December 31, 2022782,894 22.00 783 4.3
Exercised(373,918)22.00 1,670 
Balance at December 31, 2023408,976 22.00 3,251 5.5
Options vested and exercisable at December 31, 2023408,976 $22.00 $3,251 5.5
Schedule of RSU Activity
The following is a summary of the activity for unvested RSUs:
Number
of RSUs
Weighted-average grant-date fair value
Balance at December 31, 2020343,735 $27.63 
Granted819,011 25.35 
Vested(106,110)27.30 
Forfeited(33,237)26.65 
Balance at December 31, 20211,023,399 25.87 
Granted525,195 21.29 
Vested(284,168)25.93 
Forfeited(82,387)25.41 
Balance at December 31, 20221,182,039 23.85 
Granted635,955 29.91 
Vested(383,592)24.23 
Forfeited(163,742)26.97 
Balance at December 31, 20231,270,660 $26.37 
Schedule of SARs Valuation Assumptions
The following assumptions and fair values were used to value Equity-settled SARs granted during the periods indicated:
202320222021
Weighted-average grant date fair value of Equity-settled SARs$13.96$8.67$9.81 
Risk free rate3.79 %3.05 %
0.63% - 1.04%
Expected volatility41 %37 %
37% - 39%
Dividend yield— — — 
Expected term (in years)
6.256.256.25
The following assumptions and fair value were used to value Cash-settled SARs granted during the year ended December 31, 2023:
2023
Weighted-average grant date fair value of Cash-settled SARs$15.01
Risk free rate4.57 %
Expected volatility40 %
Dividend yield— 
Expected term (in years)
9.7
Suboptimal exercise multiple3.0
Schedule of SAR Activity
The following is a summary of the activity for Equity-settled SARs:
Number
of Equity-settled SARs
Weighted-average exercise priceAggregate intrinsic valueWeighted-average
remaining contractual
term (years)
Balance at December 31, 2020831,902 $28.42 $139 9.4
Granted894,411 25.59 363
Forfeited(38,111)27.12 10 
Expired(4,688)28.48 — 
Balance at December 31, 20211,683,514 $26.94 571 8.6
Granted1,030,037 20.72 — 
Forfeited(85,551)26.58 31 
Expired(31,361)27.88 — 
Balance at December 31, 20222,596,639 $24.48 2,324 8.3
Granted109,889 30.30 — 
Forfeited(410,609)23.84 1,935 
Exercised(339,150)25.97 661 
Balance at December 31, 20231,956,769 $24.68 10,336 7.5
Equity-settled SARs vested and exercisable at December 31, 2023912,542 $25.86 $3,729 7.1
The following is a summary of the activity for Cash-settled SARs:
Number
of Cash-settled SARs
Weighted-average exercise priceAggregate intrinsic valueWeighted-average
remaining contractual
term (years)
Balance at December 31, 2022— $— $— 
Granted338,907 30.30 — 
Forfeited(172,798)30.30 — 
Balance at December 31, 2023166,109 $30.30 — 9.4
Cash-settled SARs vested and exercisable at December 31, 2023— $— $— 9.4