XML 121 R107.htm IDEA: XBRL DOCUMENT v3.24.0.1
Common Stock Incentive Plan - Additional Information (Details)
1 Months Ended 12 Months Ended
Nov. 15, 2021
Nov. 01, 2021
USD ($)
shares
Nov. 30, 2021
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Nov. 12, 2021
May 31, 2021
USD ($)
shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Common stock issued in settlement of equity awards that vested in connection with the merger   400,000            
Options granted (in shares)           709,426    
Options granted (in dollars per share) | $ / shares           $ 53.80    
Outstanding nonvested options (in shares)       28,343        
Outstanding nonvested options, end of each period (in dollars per share) | $ / shares       $ 54.50        
Weighted average remaining contractual term       4 years 9 months 18 days        
Remaining unamortized share-based compensation expense | $       $ 0        
VEREIT Inc                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Fair value of VEREIT's equity-based compensation awards attributable to pre-combination services | $   $ 44,000,000            
Converted stock options and RSUs                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Aggregate fair value of converted awards | $   71,600,000            
Remaining unamortized share-based compensation expense | $   2,000,000            
Stock Option, Restricted Stock Unit, Performance Award                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Equitable adjustment factor             1.002342  
Restricted stock awards                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Remaining unamortized share-based compensation expense | $       $ 14,900,000        
Vesting period (in years)       4 years        
Shares granted (in shares)       222,511 156,274 133,052    
Restricted stock awards | Directors                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Service period as basis for restricted stock award vesting (in years)     3 years 3 years        
Shares granted (in shares)     8,000 40,000 40,000 36,000    
Restricted stock awards | Directors | Three-year vesting period                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Vesting rights percentage       33.33%        
Vesting period (in years)       3 years        
Restricted stock awards | Directors | Three-year vesting period                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Service period as basis for restricted stock award vesting (in years)       6 years        
Vesting rights percentage       50.00%        
Vesting period (in years)       2 years        
Shares granted (in shares)       20,000 20,000 12,000    
Restricted stock awards | Directors | Immediate vesting                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Service period as basis for restricted stock award vesting (in years)       7 years        
Vesting rights percentage       100.00%        
Shares granted (in shares)       20,000 20,000 24,000    
Restricted stock awards | Maximum | Directors | Three-year vesting period                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Service period as basis for restricted stock award vesting (in years)       6 years        
Restricted stock awards | Minimum | Directors | Immediate vesting                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Service period as basis for restricted stock award vesting (in years)       8 years        
Restricted stock units                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Remaining unamortized share-based compensation expense | $       $ 1,100,000        
Equitable adjustment factor             1.002342  
Vesting period (in years)       4 years        
Shares granted (in shares)       15,065 24,820 71,956    
Restricted stock units | Maximum                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Vesting period (in years)       4 years 4 years 4 years    
Restricted stock units | Minimum                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Vesting period (in years)       3 years 3 years 3 years    
Performance shares                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Remaining unamortized share-based compensation expense | $       $ 17,400,000        
Equitable adjustment factor             1.002342  
Vesting rights percentage       50.00%        
Shares granted (in shares)       215,040 174,940 257,149    
Performance period (in years)       3 years        
Performance shares, one-time grant | AFFO accretion                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Performance period (in years) 1 year              
Weighting for earning shares (percent) 50.00%              
Performance shares, one-time grant | General and administrative expense synergies                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Performance period (in years) 2 years              
Weighting for earning shares (percent) 50.00%              
Performance shares, one-time grant | Completion of performance period                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Vesting rights percentage 50.00%              
Performance shares, one-time grant | One-year anniversary of completion of performance period                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Vesting rights percentage 50.00%              
Vesting period (in years) 1 year              
Stock options                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Share-based compensation costs recognized | $       $ 0 $ 100,000      
General and administrative expense                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Share-based compensation costs recognized | $       $ 26,200,000 $ 21,600,000 $ 16,200,000    
Merger And Integration Related Costs                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Accelerated share-based compensation costs | $   $ 25,600,000            
Incentive Award Plan 2021                
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                
Authorized shares               8,900,000
Maximum number of shares that may be granted to any individual in any calendar year               3,200,000
Maximum aggregate amount of cash that may be paid during any calendar year with respect to one or more shares payable in cash | $               $ 10,000,000
Additional shares available for issuance   6,200,000