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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Share-based Compensation, Restricted Stock Units Award Activity The following table summarizes information about RSUs:
20232022
SharesWeighted average fair valueSharesWeighted average fair value
Outstanding - beginning of the year7,197,755 $6.09 5,738,293 $6.95 
Granted2,068,825 4.19 5,280,429 4.82 
Vested(2,819,824)5.53 (2,221,027)6.10 
Forfeited(921,563)5.63 (1,599,940)4.69 
Outstanding - end of the year5,525,193 $5.74 7,197,755 $6.09 
Summary of Share-based Compensation, Performance Stock Units Award Activity
20232022
SharesWeighted average fair valueSharesWeighted average fair value
Outstanding - beginning of the year811,620 $9.57 1,009,091 $6.60 
Vested  (197,471)6.73 
Outstanding - end of the year811,620 $9.57 811,620 $9.57 
Summary of Share-based Compensation, Stock Options, Activity
The following table summarizes information about stock option activity:
20232022
SharesPer share weighted average exercise pricesSharesPer share weighted average exercise prices
Options outstanding - beginning of the year10,027,048 $9.91 11,120,069 $10.65 
Canceled(435,403)7.91 (93,021)8.09 
Expired(440,000)20.27 (1,000,000)18.29 
Options outstanding - end of the year9,151,645 $9.50 10,027,048 $9.91 
Options exercisable - end of the year9,057,268 $9.52 8,912,286 $10.42 
Summary of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table provides additional information about stock options outstanding and exercisable at December 31, 2023:
Options OutstandingOptions Exercisable
Range of per share exercise pricesSharesPer share weighted-average exercise priceWeighted-average remaining contractual lifeSharesPer share weighted-average exercise priceWeighted-average remaining contractual life
$3.98 - $6.60
4,250,995 $5.05 5.5 years4,250,995 $5.05 5.5 years
$8.55 - $8.76
744,908 $8.63 6.7 years650,531 $8.63 6.7 years
$12.64 - $21.54
4,155,742 $14.21 3.0 years4,155,742 $14.21 3.0 years
9,151,645 $9.50 4.5 years9,057,268 $9.52 4.5 years
Summary of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table lists the weighted average assumptions used to calculate the fair value of stock options granted in 2021:
Expected dividend yield2.4 %
Expected stock price volatility70.0 %
Risk-free interest rate1.1 %
Expected life7 years
Weighted-average fair value per option granted$4.53
Fair value of options granted$3,342