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STOCK-BASED AND OTHER COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Plans
The following table summarizes the impact on the consolidated statements of income of the various stock-based compensation plans and other compensation plans ($ in thousands):
Year Ended December 31,
202320222021
Stock-based compensation expense$18,577 $31,584 $15,300 
Phantom Equity Investment Plan— — 22 
Total Stock-Based Compensation Expense (1)$18,577 $31,584 $15,322 
(1)Variance between twelve months ended December 31, 2023, 2022, and 2021 is primarily due to timing of 2021, 2022 and 2023 employee stock and bonus compensation.
Schedule of the Grants
A summary of the grants is presented below:
 Year Ended December 31,
 202320222021
Number
of Shares		Weighted
Average
Fair Value
Per Share		Number
of Shares		Weighted
Average
Fair Value
Per Share		Number
of Shares		Weighted
Average
Fair Value
Per Share
Grants - Class A Common Stock1,417,561 $11.58 2,884,303 $11.87 747,713 $9.81 
Schedule of Nonvested Shares Activity
The table below presents the number of unvested shares of Class A common stock and outstanding stock options at December 31, 2023 and changes during 2023 of the Class A common stock and stock options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan:
Restricted StockWeighted Average Grant Date Fair ValueStock Options
Nonvested/Outstanding at December 31, 20222,529,571 $12.62 623,788 
Granted1,417,561 11.58 — 
Vested(1,699,744)12.14 — 
Forfeited(49,425)10.43 — 
Nonvested/Outstanding at December 31, 20232,197,963 $12.37 623,788 
Exercisable at December 31, 2023 (1)623,788 
(1)The weighted average exercise price of outstanding options is $14.84 at December 31, 2023.