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Employee Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Postemployment Benefits [Abstract]  
Total Stock-based Compensation Expense
Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
RSUs and PBRSUs$16,737 $16,691 $50,164 $49,130 
Stock options118 46 582 
Total stock-based compensation expense$16,743 $16,809 $50,210 $49,712 
Schedule of RSU Activity
The following table summarizes the activities for the Company’s RSUs:
Number
of Units
Weighted-
Average
Grant Date
Fair Value
Unvested at December 31, 2021
9,703,751 $12.44 
Granted5,216,789 $14.26 
Vested(3,773,222)$12.59 
Forfeited/expired(1,351,990)$14.09 
Unvested at September 30, 2022
9,795,328 $13.09 
Schedule of PBRSU Activity
The following table summarizes the activities for the Company’s PBRSUs:
Number
of Units
Weighted-
Average
Grant Date
Fair Value
Unvested at December 31, 2021
1,771,869 $9.72 
Granted743,074 $8.83 
Vested(506,696)$5.48 
Unvested at September 30, 2022
2,008,247 $10.47