Share-Based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

During the three months ended March 31, 2024, we granted 26,946 restricted share awards, 39,293 restricted stock units and 75,994 performance stock units under the FTI Consulting, Inc. 2017 Omnibus Incentive Compensation Plan, our employee equity compensation plan. Our performance stock units are presented at the maximum potential payout percentage of 150% of target shares granted. These awards are recorded as equity on the Condensed Consolidated Balance Sheets. During the three months ended March 31, 2024, 5,464 shares of restricted stock and no stock options were forfeited prior to the completion of the applicable vesting requirements. Additionally, 988 performance stock units were forfeited during the three months ended March 31, 2024, arising from award targets that were not achieved.

Total share-based compensation expense, net of forfeitures is detailed in the following table:


	Three Months Ended March 31,
Income Statement Classification	2024		2023
Direct cost of revenues	$	5,718	$	4,699
Selling, general and administrative expenses	4,500		5,044

Total share-based compensation expense	$	10,218	$	9,743