XML 53 R44.htm IDEA: XBRL DOCUMENT v3.23.3
Employee Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2023
Postemployment Benefits [Abstract]  
Schedule of 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,
2023202220232022
RSUs and PBRSUs$16,855 $18,931 $49,292 $56,098 
Stock options— — 46 
Stock-based compensation expense, gross16,855 18,937 49,292 56,144 
Less: Capitalized stock-based compensation expense2,449 2,194 7,170 5,934 
Stock-based compensation expense, net$14,406 $16,743 $42,122 $50,210 
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, 2022
8,672,626 $12.94 
Granted6,533,732 $7.68 
Vested(4,329,854)$11.63 
Forfeited/expired(1,772,768)$12.42 
Unvested at September 30, 2023
9,103,736 $9.89 
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, 2022
1,754,898 $11.19 
Granted807,499 $7.15 
Vested(870,766)$4.22 
Forfeited/expired(104,084)$11.77 
Unvested at September 30, 2023
1,587,547 $12.63