v3.25.2
Stock-based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

NOTE 10 – STOCK-BASED COMPENSATION

The Company’s 2018 Amended and Restated Omnibus Incentive Plan (the “2018 A&R Omnibus Plan”) allows the Company to grant up to 2,050,000 total shares of common stock to officers, key employees, and non-employee directors. As of June 30, 2025, the Company had 798,767 shares available for grant under the 2018 A&R Omnibus Plan.

The following awards were granted during the three and six months ended June 30, 2025 and 2024:

 

 

Awards Granted

 

 

Average Grant Date Fair Value

 

 

Awards Granted

 

 

Average Grant Date Fair Value

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Employee Stock Awards - RSUs

 

 

134

 

 

 

129

 

 

$

84.46

 

 

$

150.60

 

 

 

142,855

 

 

 

82,795

 

 

$

84.83

 

 

$

152.59

 

Employee Stock Awards - PSAs

 

 

 

 

 

 

 

$

 

 

$

 

 

 

75,313

 

 

 

28,088

 

 

$

76.42

 

 

$

166.78

 

Cash-Settled RSUs

 

 

343

 

 

 

494

 

 

$

84.46

 

 

$

150.60

 

 

 

73,421

 

 

 

34,558

 

 

$

84.83

 

 

$

152.56

 

Non-Employee Director Stock Awards - RSUs

 

 

444

 

 

 

 

 

$

84.40

 

 

$

 

 

 

444

 

 

 

 

 

$

84.40

 

 

$

 

 Total

 

 

921

 

 

 

623

 

 

 

 

 

 

 

 

 

292,033

 

 

 

145,441

 

 

 

 

 

 

 

The total stock-based compensation expense was $5.8 million and $9.8 million for the three and six months ended June 30, 2025, respectively, and $6.8 million and $12.7 million for the three and six months ended June 30, 2024 respectively. The unrecognized compensation expense at June 30, 2025 was $35.8 million, which is expected to vest over the next 1.9 years.