STOCKHOLDERS' DEFICIT (Tables)

12 Months Ended

Dec. 31, 2025


		Common Stock				AMC Preferred Equity Units
		December 31,				December 31,
(In millions)		2025	2024	2023		2025	2024	2023
Shares or units issued		17.1	75.5	88.0		-	-	7.1
Gross proceeds	$	63.0	261.8	675.5	$	-	-	114.5
Sales agent fees paid	$	0.6	6.4	16.9	$	-	-	2.9
Other third-party issuance costs incurred	$	0.3	1.9	1.1	$	-	-	8.8
Other third-party issuance costs paid	$	1.5	0.8	0.9	$	-	-	11.7

Summary of stock based compensation


	Year Ended
	December 31,		December 31,		December 31,
(In millions)	2025		2024		2023
Special awards expense	$	1.0	$	2.1	$	20.2
Board of director stock award expense		1.3		1.0		0.9
Restricted stock unit expense		13.4		12.3		14.3
Performance stock unit expense		1.2		6.5		6.7
Total equity classified awards:		16.9		21.9		42.1
Liability classified awards:
Restricted and performance stock unit expense		—		0.1		0.4
Total liability classified awards:		—		0.1		0.4
Total stock-based compensation expense	$	16.9	$	22.0	$	42.5

Schedule of stock award granted


	Year Ended
	December 31, 2025	December 31, 2024	December 31, 2023
Common Stock	370,586	202,392	8,560
AMC Preferred Equity Units	—	—	15,376

Schedule of Nonvested RSU and PSU Activity


	RSUs			PSUs
		Weighted			Weighted
		Average			Average
	Number of	Grant Date		Number of	Grant Date
	RSUs	Fair Value		PSUs	Fair Value
Nonvested at December 31, 2024	2,594,497	$	9.35	1,281,617	$	5.03
Granted (1)	3,122,126		3.57	324,969		3.57
Granted - Special Award	—		—	265,912		3.57
Vested	(479,247)		13.03	(682,193)		5.03
Vested - Special Award	—		—	(140,982)		3.57
Forfeited (1)	(211,485)		7.02	—		—
Cancelled (2)	(452,813)		13.36	(599,424)		5.03
Cancelled - Special Award (2)	—		—	(124,930)		3.57
Nonvested at December 31, 2025	4,573,078		4.73	324,969		3.57
Tranche Years 2026 and 2027 awarded under the 2025 PSU award and Tranche Year 2026 awarded under the 2024 PSU award with grant date fair values to be determined in year 2026 and 2027, respectively	—			3,000,921
Total nonvested at December 31, 2025	4,573,078			3,325,890

(1)

The number of PSUs granted and forfeited under the Tranche Year 2025 is based on attainment of performance targets at 0% for the Adjusted EBITDA target, 0% for the free cash flow target and 200% for the strategic initiatives. The number of PSUs granted under the Tranche Year 2026 assumes the Company will attain a performance target at 100% for strategic initiatives.

(2)

Represents vested RSUs and PSUs surrendered in lieu of taxes and cancelled awards returned. As a result, the Company paid taxes for restricted unit withholdings of approximately $4.4 million during the year ended December 31, 2025.