Share-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock or Restricted Stock Unit Activity

Table 15.1 summarizes restricted stock or restricted stock unit (collectively called “restricted stock”) activity during 2024.

Restricted stock
Table	15.1
		Weighted Average Grant Date Fair Market Value		Shares
Restricted stock outstanding at December 31, 2023		$	13.89	3,182,791
Granted (1)		19.81		962,246
Performance adjustment (2)		—		935,093
Vested		13.20		(2,193,536)
Forfeited		16.97		(58,793)
Restricted stock outstanding at December 31, 2024		$	16.04	2,827,801

(1) Approximately 66% of the shares granted in 2024 are subject to performance conditions under which the target number of shares granted may vest from 0% to 200%.

(2) Amount represents the difference between the number of shares vested at settlement with performance conditions and the number of target shares at the grant date in 2021.