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Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity

The following table summarizes restricted stock unit activity during the six months ended June 30, 2022:

 

 

 

Restricted Stock Units

 

 

 

Weighted average grant date fair value

 

 

Nonvested as of December 31, 2021

 

 

 

13,314,436

 

 

 

$

 

8.25

 

 

Granted (1)

 

 

 

26,723,808

 

 

 

$

 

3.36

 

 

Vested (2)

 

 

 

(5,495,483

)

 

 

$

 

5.98

 

 

Forfeited

 

 

 

(2,599,699

)

 

 

$

 

5.09

 

 

Performance adjustments (3)

 

 

 

(533,859

)

 

 

$

n/a

 

 

Nonvested as of June 30, 2022

 

 

 

31,409,203

 

 

 

$

 

4.46

 

 

 

(1)
Represents RSUs and PRSUs based on performance target achievement of 100%.
(2)
Represents the number of shares vested and distributed during the period. The total grant date fair value of units vested was $32,847.
(3)
Represents the adjustment to the number of PRSUs distributed based on actual performance compared to target.