v3.25.2
Stock-Based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
A summary of Holdings' restricted share activity for the six months ended June 30, 2025 is as follows:

2025
Time-Based
Number of SharesWeighted Average
Grant Date
Fair Value
(In whole shares)
Outstanding - beginning of year675,727 $21.07 
Granted(a)
41,737 17.97 
Vested(251,335)18.87 
Canceled or expired(9,119)20.24 
Outstanding - end of period457,010 $22.01 
(a) - Included in this amount are 2,422 restricted share units.

Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. Total stock-based compensation expense was $1.3 million and $1.2 million for the three months ended
June 30, 2025 and 2024, respectively. Total stock-based compensation expense was $2.8 million and $2.7 million for the six
months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, there was $6.1 million of unrecognized compensation cost related to non-vested stock-based compensation, which is expected to be recognized over a weighted-average period of 1.6 years.