Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 35

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 35
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Us. DSUs awarded in lieu of annual base fees are fully vested on their grant date, while DSUs awarded in lieu of restricted stock awards vest one year from their grant date. DSUs are entitled to a dividend equivalent, in the form of additional DSUs based on dividends declared and paid on the Company's class A common stock, subject to the same restrictions and vesting conditions, where applicable. Upon separation of service from the Company, vested DSUs will be settled in shares of the Company’s class A common stock. Fair value of DSUs are determined based upon the price of the Company's class A common stock on grant date and recognized immediately if fully vested upon grant, or on a straight-line basis over the vesting period as equity based compensation expense and equity. Equity-based compensation cost in continuing operations is presented on the consolidated statement of operations, as follows. Three Months Ended March 31,(In thousands)20252024Compensation expense $7,620 $9,214 Administrative expense91 — $7,711 $9,214 Changes in unvested equity awards are summarized below.Weighted Average Grant Date Fair ValueRestricted StockLTIP Units (1)DSUsRSUs (2)PSUs (3)TotalPSUsAll Other AwardsUnvested shares and units at December 31, 20243,199,827 125,000 30,819 13,305 631,257 4,000,208 $16.29 $15.68 Granted2,411,185 — 164 449,510 — 2,860,859 — 9.85 Vested(1,502,054)— (134)(4,435)— (1,506,623)— 15.87 Forfeited(24,256)— — — (185,675)(209,931)27.36 27.60 Unvested shares and units at March 31, 20254,084,702 125,000 30,849 458,380 445,582 5,144,513 11.68 12.01 __________(1)    Represents the number of LTIP units granted subject to vesting upon achievement of market condition. LTIP units that do not meet the market condition within the measurement period are forfeited. (2)    Represents the number of RSUs granted subject to vesting upon achievement