Equity-Based Compensation - Narrative (Details)
$ / shares in Units, $ in Thousands |
3 Months Ended |
|
|
|
Mar. 31, 2025
USD ($)
director
$ / shares
shares
|
Dec. 31, 2024
USD ($)
$ / shares
|
Mar. 31, 2024
USD ($)
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Non-linear transfer restrictions, period following initial public offering (at least) |
5 years
|
|
|
| Award vesting rights |
The Staking Options vest over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10.
|
|
|
| Dividends accrued | $ |
$ 1,014
|
|
$ 2,547
|
| Accounts Payable and Accrued Liabilities |
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|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Dividends accrued | $ |
1,100
|
$ 900
|
|
| Declared distributions | $ |
100
|
100
|
|
| Other Non-Current Liabilities |
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|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Dividends accrued | $ |
3,600
|
2,900
|
|
| Declared distributions | $ |
$ 500
|
$ 400
|
|
| IPO RSUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Granted (in dollars per share) | $ / shares |
$ 0
|
|
|
| Granted (in shares) |
0
|
|
|
| Incentive RSUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting rights |
Incentive RSUs vest either 100% 3 or 5 years from the grant date, pro rata over 3 or 5 years from the grant date, over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5, or
|
|
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| Award vesting rights, percentage |
100.00%
|
|
|
| Granted (in dollars per share) | $ / shares |
$ 69.47
|
|
|
| Granted (in shares) |
444,725
|
|
|
| Incentive RLUs |
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|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
3 years
|
|
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| Award vesting rights, percentage |
100.00%
|
|
|
| Pro Rata | Incentive RSUs | Minimum | Tranche 1 |
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|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Restricted LLC Units |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
5 years
|
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| Award vesting rights |
RLUs to certain employees that vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10.
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| Conversion ratio |
1
|
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|
| Restricted LLC Units | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting rights, percentage |
10.00%
|
|
|
| Restricted LLC Units | Tranche 2 |
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|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
10 years
|
|
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| Award vesting rights, percentage |
30.00%
|
|
|
| Restricted LLC Units | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
3 years
|
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|
| Restricted LLC Units | Maximum | Tranche 1 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
9 years
|
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|
| Restricted LLC Units | Incentive RLUs |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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|
| Award vesting rights |
Incentive RLUs vest either 100% 3 years from the grant date, pro rata over 3 or 5 years from the grant date, or over 7 years from the grant date, with 20% vesting in each of years 3 through 7.
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| Restricted LLC Units | Incentive RLUs | Tranche 1 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Award vesting rights, percentage |
20.00%
|
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|
| Restricted LLC Units | Incentive RLUs | Minimum | Tranche 1 |
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|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
3 years
|
|
|
| Restricted LLC Units | Incentive RLUs | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
7 years
|
|
|
| Restricted LLC Units | Pro Rata | Minimum |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Restricted LLC Units | Pro Rata | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Restricted LLC Units | Pro Rata | Incentive RLUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
7 years
|
|
|
| Restricted LLC Units | Pro Rata | Incentive RLUs | Minimum |
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|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
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|
| Restricted LLC Units | Pro Rata | Incentive RLUs | Maximum |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
5 years
|
|
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| Restricted Stock and Restricted Common Units | Pro Rata |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
5 years
|
|
|
| Restricted Stock Unit |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Conversion ratio |
1
|
|
|
| Non compensation for service on board (in directors) | director |
1
|
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| Restricted Stock Unit | IPO RSUs |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting rights |
RSUs vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10
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| Restricted Stock Unit | IPO RSUs | Tranche 1 |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting rights, percentage |
10.00%
|
|
|
| Restricted Stock Unit | IPO RSUs | Tranche 2 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
10 years
|
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| Award vesting rights, percentage |
30.00%
|
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|
| Restricted Stock Unit | IPO RSUs | Minimum | Tranche 1 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
3 years
|
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| Restricted Stock Unit | IPO RSUs | Maximum | Tranche 1 |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
9 years
|
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|
| Restricted Stock Unit | Incentive RSUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
20.00%
|
|
|
| Restricted Stock Unit | Incentive RSUs | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
4 years
|
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| Restricted Stock Unit | Incentive RSUs | Tranche 2 |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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|
| Award vesting period |
7 years
|
|
|
| Restricted Stock Unit | Incentive RSUs | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Restricted Stock Unit | Incentive RSUs | Minimum | Tranche 1 |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting period |
3 years
|
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| Restricted Stock Unit | Incentive RSUs | Minimum | Tranche 3 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Restricted Stock Unit | Incentive RSUs | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Restricted Stock Unit | Incentive RSUs | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Restricted Stock Unit | Incentive RSUs | Maximum | Tranche 3 |
|
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|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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|
| Award vesting period |
7 years
|
|
|
| Restricted Stock Unit | Pro Rata | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Restricted Stock Unit | Pro Rata | IPO RSUs | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Restricted Stock Unit | Pro Rata | Incentive RSUs | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Incentive RSUs | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting rights, percentage |
33.00%
|
|
|
| Incentive RSUs | Tranche 2 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
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| Award vesting rights, percentage |
33.00%
|
|
|
| Incentive RSUs | Tranche 3 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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|
| Award vesting rights, percentage |
33.00%
|
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|
| Reload and Staking Options |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Share price (in dollars per share) | $ / shares |
$ 23.50
|
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| Conversion ratio |
1
|
|
|
| Reload Options |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting rights |
The Reload Options either vested 100% 3 years from the grant date or vest over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5
|
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| Options exercisable (in shares) |
1,486,150
|
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| Reload Options | Tranche 1 |
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Award vesting rights, percentage |
100.00%
|
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| Reload Options | Option Two, Tranche 1 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Options | Tranche 2 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
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| Award vesting period |
4 years
|
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| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Options | Tranche 3 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Options | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Reload Options | Minimum | Tranche 2 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Reload Options | Maximum | Tranche 1 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
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| Reload Options | Maximum | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Staking Options |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Options exercisable (in shares) |
6,666
|
|
|
| Staking Options | Tranche 1 |
|
|
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
10.00%
|
|
|
| Staking Options | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Award vesting rights, percentage |
30.00%
|
|
|
| Staking Options | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Staking Options | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
9 years
|
|
|
| Staking Options | Pro Rata |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Incentive Options |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
4 years
|
|
|
| Options exercisable (in shares) |
0
|
|
|
| Conversion ratio |
1
|
|
|
| Incentive Options | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Incentive Options | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Incentive Options | Tranche 3 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Incentive Options | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Incentive Options | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Incentive Options | Pro Rata |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Incentive Options | Pro Rata | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
7 years
|
|
|
| Reload Class C Incentive Units |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights |
The Reload Class C Incentive Units either vested 100% 3 years from the grant date or vest over 5 years from the grant date, with one-third of the grant vesting in each of years 3, 4 and 5.
|
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|
| Reload Class C Incentive Units | Class A Common Stock |
|
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|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Conversion ratio |
1
|
|
|
| Reload Class C Incentive Units | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
100.00%
|
|
|
| Reload Class C Incentive Units | Option Two, Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Class C Incentive Units | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
4 years
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Class C Incentive Units | Tranche 3 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
33.00%
|
|
|
| Reload Class C Incentive Units | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Reload Class C Incentive Units | Minimum | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Reload Class C Incentive Units | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Reload Class C Incentive Units | Maximum | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Staking Class C Incentive Units |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights |
The Staking Class C Incentive Units vest either pro rata over 5 years from the grant date or over 10 years from the grant date, with 10% vesting in each of years 3 through 9 and 30% vesting in year 10.
|
|
|
| Granted (in shares) |
0
|
|
|
| Staking Class C Incentive Units | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
10.00%
|
|
|
| Staking Class C Incentive Units | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Award vesting rights, percentage |
30.00%
|
|
|
| Staking Class C Incentive Units | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Staking Class C Incentive Units | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
9 years
|
|
|
| Staking Class C Incentive Units | Pro Rata | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| Staking Class C Incentive Units | Pro Rata | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
10 years
|
|
|
| Class C Incentive Units |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
20.00%
|
|
|
| Granted (in dollars per share) | $ / shares |
$ 0
|
|
|
| Granted (in shares) |
0
|
|
|
| Class C Incentive Units | Class A Common Stock |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Conversion ratio |
1
|
|
|
| Class C Incentive Units | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
15.00%
|
|
|
| Class C Incentive Units | Tranche 2 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
8 years
|
|
|
| Award vesting rights, percentage |
25.00%
|
|
|
| Class C Incentive Units | Minimum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
3 years
|
|
|
| Class C Incentive Units | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
7 years
|
|
|
| Class C Incentive Units | Maximum | Tranche 1 |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
7 years
|
|
|
| Class C Incentive Units | Pro Rata |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
8 years
|
|
|
| Reload and Staking Class C Incentive Units |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Weighted average participation threshold (in dollars per share) | $ / shares |
$ 23.29
|
$ 23.34
|
|
| PSUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| PSUs | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
75.00%
|
|
|
| PSUs | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
150.00%
|
|
|
| PLUs |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting period |
5 years
|
|
|
| PLUs | Minimum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
75.00%
|
|
|
| PLUs | Maximum |
|
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
|
| Award vesting rights, percentage |
150.00%
|
|
|