v3.25.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity
The following tables summarize activity for the six months ended June 30, 2025 and 2024:
Number of
Unvested
Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Number of
Unvested
Performance Vesting Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2025167,014 $115.67 178,139 $92.06 
Granted61,350 169.80 41,016 165.39 
Vested(40,011)112.93 — — 
Forfeited/canceled(1,288)126.93 — — 
Unvested shares as of March 31, 2025187,065 $133.93 219,155 $105.78 
Granted(1)
10,511 195.92 35,974 66.82 
Vested(39,463)104.36 (71,948)66.82 
Forfeited/canceled(994)144.69 — — 
Unvested shares as of June 30, 2025157,119 $145.44 183,181 $113.44 
_____________________
(1)    The table includes the impacts of performance share units granted in a prior year that vested higher than 100% of target due to the Company's absolute TSR performance and RTSR performance compared to peers.
Number of
Unvested
Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Number of
Unvested
Performance Vesting Restricted Stock Units
Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2024193,602 $83.89 255,578 $54.40 
Granted69,436 152.54 58,346 156.00 
Vested(17,720)75.96 — — 
Forfeited/canceled(747)99.88 — — 
Unvested shares as of March 31, 2024244,571 $103.91 313,924 $73.28 
Granted(1)
6,040 155.61 130,012 48.65 
Vested(37,665)95.83 (265,797)48.65 
Forfeited/canceled(989)117.19 — — 
Unvested shares as of June 30, 2024211,957 $106.75 178,139 $92.06 
_____________________
(1)    The table includes the impacts of performance share units granted in a prior year that vested higher than 100% of target due to the Company's absolute TSR performance and RTSR performance compared to peers.
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the six months ended June 30, 2025 and 2024:
Grant dateMarch 1, 2024March 1, 2025
Forecast period (years)33
Risk-free interest rates4.36%3.99%
Implied equity volatility46.70%44.60%