A summary of the time-based restricted stock unit activities and performance-based restricted stock unit activities for the year ended December 31, 2023 and the period from February 23, 2022 through December 31, 2022 (Successor) is presented below. There were no unvested restricted stock units for the period from January 1 through February 22, 2022 (Predecessor). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Awards subject to service or external market conditions | | Awards subject to internal performance conditions | | | Shares | | Weighted average Modification Date fair value | | Weighted average remaining contractual term | | Shares | | Weighted average Modification Date fair value | | Weighted average remaining contractual term | Non-vested restricted share units at February 23, 2022 (Successor) | | — | | | — | | | 0 | | — | | | — | | | 0 | Granted during the period | | 418,508 | | | — | | | 0 | | — | | | — | | | 0 | Vested during the period | | — | | | — | | | 0 | | — | | | — | | | 0 | Forfeited during the period | | — | | | — | | | 0 | | — | | | — | | | 0 | Non-vested restricted share units at December 31, 2022 (Successor) | | 418,508 | | | — | | | 2.60 | | — | | | — | | | 0 | Granted during the year | | 447,363 | | | 38.74 | | | 0 | | 117,452 | | | 41.83 | | | 0 | Vested during the year (1) | | (135,225) | | | — | | | 0 | | — | | | — | | | 0 | Forfeited during the year | | (70,210) | | | 40.11 | | | 0 | | (16,958) | | | 41.83 | | | 0 | Non-vested restricted share units at December 31, 2023 (Successor) | | 660,436 | | | 38.98 | | | 1.78 | | 100,494 | | | 41.83 | | | 2.00 |
(1) 43,988 awards vested prior to the Modification Date and were cash-settled at the settlement date fair value.
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