v3.26.1
Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity Share-settled restricted stock unit activity from January 1, 2026 to March 31, 2026 follows:
Time Based SharesPerformance
Based Shares
Weighted Average Grant Date Fair Value Per Share
Non-vested restricted stock units outstanding at January 1, 2026
6,673,838409,890$8.06 
Granted269,226$6.11 
Performance based restricted stock units settled (1)
(331,675)$14.10 
Vested(352,164)$9.51 
Forfeited(51,567)$7.80 
Non-vested restricted stock units outstanding at March 31, 2026
6,539,33378,215$7.60 
(1)Performance based restricted stock units reached the end of their performance period in February 2026, and no shares were issued to settle such performance based restricted stock units.
A portion of the restricted stock unit awards granted in 2025 are cash-settled. Cash-settled restricted stock unit activity from January 1, 2026 to March 31, 2026 follows:
Time Based Shares
Non-vested cash-settled restricted stock units outstanding at January 1, 2026
628,175
Granted
Vested
Forfeited
Non-vested cash-settled restricted stock units outstanding at March 31, 2026
628,175
Schedule of Performance Units
Performance Units activity from January 1, 2026 to March 31, 2026 follows:
Performance Units
Share-Settled
(at target)
Weighted
Average Grant
Date Fair Value
Per Share
Performance
Units
Cash-Settled
(at target)
Non-vested Performance Units outstanding at January 1, 2026
2,214,700$10.49 743,800
Granted$— 
Performance Units settled$— 
Forfeited$— 
Non-vested Performance Units outstanding at March 31, 2026
2,214,700$10.49 743,800
Schedule of Stock-Based Compensation Expense The following table presents stock-based compensation expense for the three months ended March 31, 2026 and 2025 (in thousands):
Three Months Ended
March 31,
20262025
Share-settled awards
Restricted stock units$1,928 $9,886 
Performance Units – TSR1,550 2,403 
Performance Units – FCF934 — 
Total share-settled awards4,412 12,289 
Cash-settled awards
Cash-settled restricted stock units1,126 
Cash-settled Performance Units1,834 — 
Total cash-settled awards2,960 
Stock-based compensation expense$7,372 $12,297