Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation and Profits Interests (Tables)

v3.21.2
Share-based Compensation and Profits Interests (Tables)
9 Months Ended
Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Share Based Compensation Expense

The following table summarizes our share-based compensation expense associated with our profits interests awards, restricted stock, and RSUs, which is recorded in employee compensation and benefits on the condensed combined and consolidated statement of operations and comprehensive income:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Antidilutive profits interests awards

 

$

 

 

$

 

 

$

13,609

 

 

$

 

Profits interests award shares

 

 

956

 

 

 

387

 

 

 

2,811

 

 

 

1,161

 

Restricted stock

 

 

1,486

 

 

 

 

 

 

1,486

 

 

 

 

RSUs

 

 

11

 

 

 

 

 

 

11

 

 

 

 

Total share-based compensation

 

$

2,453

 

 

$

387

 

 

$

17,917

 

 

$

1,161

 

Summary of Unrecognized Compensation Cost

As of September 30, 2021, unrecognized share-based compensation on restricted stock, RSUs and profits interests awards is expected to be recognized as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

 

 

Profits

 

 

 

 

 

 

Restricted stock

 

 

interests

 

(in thousands)

 

Total

 

 

and RSUs

 

 

awards

 

Remainder of 2021

 

$

3,173

 

 

$

2,248

 

 

$

925

 

2022

 

 

12,694

 

 

 

8,993

 

 

 

3,701

 

2023

 

 

12,088

 

 

 

8,993

 

 

 

3,095

 

2024

 

 

9,607

 

 

 

7,399

 

 

 

2,208

 

2025

 

 

4,964

 

 

 

3,971

 

 

 

993

 

Thereafter

 

 

1,671

 

 

 

1,340

 

 

 

331

 

Total

 

$

44,197

 

 

$

32,944

 

 

$

11,253