Annual report pursuant to Section 13 and 15(d)

Equity Based Compensation (Tables)

v3.22.0.1
Equity Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Replacement RS Us [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity of Grant
A summary of the each classification of RSU activity for the periods indicated is presented below in thousands, except for share information:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                      
Grant Date Fair Value
  
Replacement RSUs
   
Number of
Units
Unvested
    
Number of
Units
Vested
    
Total
Number of
Units
    
Weighted
Average Price
Per Unit
     
Total Fair
Value (in
thousands)
  
Outstanding, April 1, 2021
      —         —         —       $ —        $ —    
Granted
      14,819,483       —         14,819,483     $ 9.48      $ 140,489  
Vested
      (4,241,497 )      4,241,497       —       $ —        $ —    
Forfeited
      (185,760 )      —         (185,760 )    $ 9.48      $ (1,761 ) 
Settled
      —         (4,220,857 )      (4,220,857 )    $ 9.48      $ (40,014 ) 
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
  
Outstanding, December 31, 2021
      10,392,226       20,640       10,412,866     $ 9.48      $ 98,714  
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                       
Grant Date Fair Value
  
Earnout Right RSUs
   
Number of
Units
Unvested
    
Number of
Units
Vested
     
Total
Number of
Units
    
Weighted
Average Price
Per Unit
     
Total Fair
Value (in
thousands)
  
Outstanding, April 1, 2021
      —         —          —       $ —        $ —    
Granted
      1,550,880       —          1,550,880     $ 8.91      $ 13,811  
Forfeited
      (19,440 )      —          (19,440 )    $ 8.91      $ (173 ) 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Outstanding, December 31, 2021
      1,531,440       —          1,531,440     $ 8.91      $ 13,638  
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Equity based compensation expense for the Earnout Right RSUs totaled $6.6 million for the Successor period from April 1, 2021 to December 31, 2021, and $0 for the Predecessor period from January 1, 2021 to March 31, 2021. Unrecognized equity based compensation expense for the Earnout Right RSUs totaled $7.0 million as of December 31, 2021. There were no Earnout Right RSUs outstanding as of December 31, 2020.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                      
Grant Date Fair Value
  
Non-LTIP
RSUs
   
Number of
Units
Unvested
    
Number of
Units
Vested
    
Total
Number of
Units
    
Weighted
Average Price
Per Unit
     
Total Fair
Value (in
thousands)
  
Outstanding, April 1, 2021
      —         —         —       $ —        $ —    
Granted
      205,604       —         205,604     $ 5.35      $ 1,100  
Vested
      (37,383 )      37,383       —       $ —        $ —    
Settled
      —         (37,383 )      (37,383 )    $ 5.35      $ (200 ) 
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
  
Outstanding, December 31, 2021
      168,221       —         168,221     $ 5.35      $ 900