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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Valuation Assumptions The weighted-average fair value of SPRs outstanding as of December 31, 2022 was $15.30 per SPR using the following assumptions:
Expected volatility
43.4% to 52.2%
Risk-free rate of return
4.4% to 4.7%
Expected term (in years)
0.5 to 2
Expected annual dividend$0
The weighted average fair value assumptions used in the model were as follows:
Expected volatility
43.7% to 44.6%
Risk-free rate of return
2.7% to 3.1%
Expected term (in years)
6.5 years
Expected annual dividend$0
Activity Related to SPRs
Activity related to the Company’s SPRs during the year ended December 31, 2022 was as follows:
Number of SPRsWeighted Average Exercise Price
Outstanding on December 31, 2021— $— 
Shares acquired concurrent with Mergers575,536 26.66 
Exercised(399,352)28.75 
Outstanding on December 31, 2022176,184 15.30 
Exercisable on December 31, 2022176,184 15.30 
Activity Related to RSAs Activity related to the Company’s RSAs during the year ended December 31, 2022 was as follows:
Restricted Stock Awards
Outstanding on December 31, 2021— 
Shares acquired concurrent with Mergers63,429 
Granted14,504 
Exchanged for common shares(21,346)
Outstanding on December 31, 202256,587 
MSU Rollforward Activity related to the Company’s MSUs during 2022 was as follows:
Number of Market Stock UnitsMaximum Shares Potentially Issuable
Outstanding on December 31, 2021— — 
Shares acquired concurrent with Mergers118,057 168,156 
Cancelled(17,109)(25,664)
Exchanged for common shares(19,480)(25,199)
Outstanding on December 31, 202281,468 117,293 
Share-based Payment Arrangement, Performance Shares, Activity
Activity related to the Company’s PAs during the year ended December 31, 2022 was as follows:
Number of Performance AwardsMaximum Shares Potentially Issuable
Outstanding on December 31, 2021— — 
Shares acquired concurrent with Mergers23,341 35,012 
Exercised(1,428)(2,142)
Outstanding on December 31, 202221,913 32,870 
Share-Based Payment Arrangement, Option, Activity Upon vesting, stock options are recognized as a component of equity. Activity related to the Company’s stock options during the year ended December 31, 2022 was as follows:
Number of Stock OptionsWeighted Average Exercise Price
Outstanding on December 31, 2021— $— 
Shares acquired concurrent with Mergers80,000 27.70 
Granted248,000 85.75 
Exercised(40,000)41.38 
Outstanding on December 31, 2022288,000 77.59 
Exercisable on December 31, 202240,000 27.01