Share-Based and Unit-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of RSU Activity

The following tables summarize RSU and PSU activity under the 2021 Incentive Plan for the three months ended March 31, 2024 and March 31, 2023 (in thousands, except per unit data):

RSUs and PSUs	Number of RSUs and PSUs	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	551	2.05	$	101.25
Granted	180		$	37.00	$	6,600
Forfeited	(30)
Vested	(98)
Outstanding as of March 31, 2023	603	2.02	$	82.00
Outstanding as of December 31, 2023	521	1.38	$	69.75
Granted	482		$	11.50	$	5,527
Forfeited	(77)
Vested	(233)
Outstanding as of March 31, 2024	693	1.90	$	27.25

Summary of PSU Activity

The following tables summarize RSU and PSU activity under the 2021 Incentive Plan for the three months ended March 31, 2024 and March 31, 2023 (in thousands, except per unit data):

RSUs and PSUs	Number of RSUs and PSUs	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	551	2.05	$	101.25
Granted	180		$	37.00	$	6,600
Forfeited	(30)
Vested	(98)
Outstanding as of March 31, 2023	603	2.02	$	82.00
Outstanding as of December 31, 2023	521	1.38	$	69.75
Granted	482		$	11.50	$	5,527
Forfeited	(77)
Vested	(233)
Outstanding as of March 31, 2024	693	1.90	$	27.25

Summary of Unit-Based Compensation Expense

Unit-based compensation expense for the three months ended March 31, 2023, was as follows (in thousands):

Type of unit	Three Months Ended March 31, 2023
Common incentive unit	$	542
Participation unit	138
Total	$	680

Summary of Incentive Unit Activity

The following table summarizes common incentive unit activity under the Opco Plan for the three months ended March 31, 2023 and March 31, 2024 (in thousands, except per unit data):

Common Incentive Units	Number of Common Incentive Units	Weighted Average Remaining Contractual Term (years)	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding as of December 31, 2022	332	0.79	$	157.50	$	67,635
Granted	—
Forfeited	—
Exchanged	(8)
Outstanding as of March 31, 2023	324	0.54	$	157.50	$	65,980
Outstanding as of December 31, 2023	309	0	$	166.75	$	51,467
Granted	—
Forfeited	—
Exchanged	(5)
Outstanding as of March 31, 2024	304	0	$	166.75	$	50,677