Stock-Based Compensation (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of LTIP Unit Activity |
During the six months ended June 30, 2025, the Company granted the following LTIP Units:
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| Schedule of time-based vesting LTIP unit activity |
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| Schedule of the annual awards and long-term awards |
During the six months ended June 30, 2025, eight 2023 Long-Term Awards and thirty-five 2024 Long-Term Awards were forfeited. A detail of the Performance Awards under the 2023, 2024 and 2025 programs as of June 30, 2025 is as follows:
(1) Approved by the Board on February 26, 2025, with the exception of twenty-four awards for the new Chief Executive Officer and President approved by the Board on June 20, 2025 with an award date of June 23, 2025. The number of target LTIP Units was based on the average closing price of the Company’s common stock reported on the New York Stock Exchange over the 15 trading days preceding the award date.
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| Schedule of of the assumptions for the long-term awards using Monte Carlo simulations |
Below are details regarding certain of the assumptions for the Long-Term Awards using Monte Carlo simulations:
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