Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

The following table presents information about the Company’s RSAs:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Compensation cost	$	1,460	$	1,346	$	2,802	$	2,389
Dividends declared on unvested RSAs	311		300		624		595
Fair value of shares vested during the period	892		762		3,779		3,969

The following table presents compensation cost recognized on the Company’s performance-based restricted stock units:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Compensation cost	$	1,011	$	727	$	1,816	$	1,159

The following table presents information about the Company’s restricted stock activity:


	For the Three Months Ended June 30,
	2025			2024
(in thousands, except per share amounts)	Number of Shares	Weighted Average Grant Date Fair Value per Share		Number of Shares	Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period	1,080	$	15.64	1,036	$	15.57
Granted	50	16.20		55	15.23
Vested	(55)	15.23		(50)	16.33
Forfeited	(4)	16.85		(5)	16.98
Unvested at end of period	1,071	15.69		1,036	15.51


	For the Six Months Ended June 30,
	2025			2024
(in thousands, except per share amounts)	Number of Shares	Weighted Average Grant Date Fair Value per Share		Number of Shares	Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period	989	$	15.51	492	$	18.63
Granted	316	16.75		833	14.77
Vested	(227)	16.36		(259)	18.70
Forfeited	(7)	16.54		(30)	18.68
Unvested at end of period	1,071	15.69		1,036	15.51

The following table presents information about the Company’s performance-based restricted stock unit activity:


	For the Three Months Ended June 30,
	2025			2024
(in thousands, except per share amounts)	Number of Shares	Weighted Average Grant Date Fair Value per Share		Number of Shares	Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period	606	$	20.13	446	$	20.89
Granted	—	—		—	—
Vested	—	—		—	—
Forfeited	—	—		—	—
Unvested at end of period	606	20.13		446	20.89


	For the Six Months Ended June 30,
	2025			2024
(in thousands, except per share amounts)	Number of Shares	Weighted Average Grant Date Fair Value per Share		Number of Shares	Weighted Average Grant Date Fair Value per Share
Unvested at beginning of period	433	$	20.90	351	$	24.90
Granted	247	21.12		202	15.84
Vested	(74)	27.93		(88)	24.40
Forfeited	—	—		(19)	25.09
Unvested at end of period	606	20.13		446	20.89