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Stockholders' Equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Below is a reconciliation of our common stock issued and outstanding:

Common Shares
Treasury Shares
Common Shares Outstanding
Shares as of December 31, 2023 (1)
439,735,256 (886,920)438,848,336 
Shares issued for the three months ended March 31, 20244,820,581 N/A4,820,581 
Shares forfeited for the three months ended March 31, 2024 (2)
(933,114)N/A(933,114)
Shares as of March 31, 2024443,622,723 (886,920)442,735,803 
Shares issued for the three months ended June 30, 2024135,770 N/A135,770 
Shares forfeited for the three months ended June 30, 2024 (2)
(79,395)N/A(79,395)
Shares repurchased for the three months ended June 30, 2024 (3)
N/A
(961,360)(961,360)
Shares as of June 30, 2024443,679,098 (1,848,280)441,830,818 
Shares issued for the three months ended September 30, 2024
86,915 N/A86,915 
Shares forfeited for the three months ended September 30, 2024 (2)
(346,297)N/A(346,297)
Shares as of September 30, 2024
443,419,716 (1,848,280)441,571,436 
(1)Treasury shares as of December 31, 2023 are primarily related to the forfeiture of unvested incentive units granted prior to the IPO.
(2)Includes shares surrendered related to payroll tax withheld for the vested restricted shares.
(3)Shares acquired under our three-year stock repurchase program.

Stock Repurchase Program

On April 30, 2024, our Board of Directors authorized a three-year stock repurchase program, (the "2024 Stock Repurchase Program"), under which the Company may repurchase up to 10.0 million shares of its common stock. Purchases may be made from time to time in the open market at prevailing prices or in privately negotiated transactions through April 30, 2027. The repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time. During the nine months ended September 30, 2024 we repurchased 961,360 shares of common stock for $9.3 million, net of accrued excise tax, at an average price of $9.71 per share. There was no share repurchase activity during the three months ended September 30, 2024.
Stockholder Dividends

The following dividends were declared by our Board of Directors and subsequently paid during the nine months ended September 30, 2024:
Declaration DateRecord DatePayment DateDividends Per Share
February 8, 2024March 7, 2024March 21, 2024$0.05 
April 30, 2024June 6, 2024June 20, 2024$0.05 
July 24, 2024September 5, 2024September 19, 2024$0.05 
Dividends accrued for restricted shares are contingent and payable upon vesting of the underlying restricted shares.