v3.24.0.1
STOCKHOLDERS' DEFICIT (Tables)
12 Months Ended
Dec. 31, 2023
STOCKHOLDERS' DEFICIT  
Schedule of share issuance upon exchange of debt

Shares of

Aggregate Principal

Common Stock

Gain on

Accrued Interest

(In millions, except for share data)

Exchanged

Exchanged

Extinguishment

Exchanged

Second Lien Notes due 2026

$

105.3

14,186,651

$

28.3

$

1.2

Summary of stock based compensation

Year Ended

December 31,

December 31,

December 31,

(In millions)

2023

2022

2021

Equity classified awards:

Special awards expense

$

20.2

$

$

Board of director stock award expense

0.9

0.8

0.9

Restricted stock unit expense

14.3

13.3

12.6

Performance stock unit expense

6.7

8.4

24.5

Special performance stock unit expense

5.1

Total equity classified awards:

42.1

22.5

43.1

Liability classified awards:

Restricted and performance stock unit expense

0.4

Total liability classified awards:

0.4

Total stock-based compensation expense

$

42.5

$

22.5

$

43.1

Schedule of stock award granted

Year Ended

December 31, 2023

December 31, 2022

December 31, 2021

Common Stock

8,560

4,165

12,405

AMC Preferred Equity Units

15,376

4,165

12,405

Schedule of Nonvested RSU, PSU and SPSU Activity

    

    

Weighted

Average

Common Stock

Grant Date

RSUs and PSUs (4)

Fair Value

Beginning balance at January 1, 2021 (1)

831,821

$

27.55

Granted

1,017,985

38.50

Vested

(129,773)

14.10

Forfeited

(43,355)

53.70

Cancelled (2)

(108,226)

14.05

Nonvested at January 1, 2022

1,568,452

$

39.60

Granted

167,679

97.50

Vested

(563,634)

35.90

Forfeited

(71,688)

58.60

Cancelled (2)

(474,659)

35.90

Nonvested at January 1, 2023

626,150

$

59.10

Granted (3)

517,067

36.73

Granted - Special Award

477,918

42.25

Vested

(222,920)

57.43

Vested - Special Award

(257,945)

42.18

Forfeited (3)

(22,119)

45.32

Cancelled (2)

(150,755)

60.14

Cancelled - Special Award (2)

(219,973)

42.34

Nonvested at December 31, 2023

747,423

$

44.35

Tranche Years 2024 and 2025 awarded under the 2023 PSU award and Tranche Year 2024 awarded under the 2022 PSU award with grant date fair values to be determined in years 2024 and 2025, respectively

254,754

Total Nonvested at December 31, 2023

1,002,177

(1)Includes awards modified during 2020 where grant date fair value was not determined until 2021.
(2)Represents vested RSUs, PSUs, and SPSUs surrendered in lieu of taxes and cancelled awards returned to the 2013 Equity Incentive Plan.
(3)The number of PSU shares granted and forfeited under the Tranche Year 2023 is based on attainment of performance targets at 86% for the Adjusted EBITDA target and 0% for the free cash flow target.
(4)Includes AMC Preferred Equity Unit RSUs and PSUs that were converted to Common Stock RSUs and PSUs as a result of the Charter Amendments.