v3.25.4
Stock-based compensation and Shareholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Status of Awards Under Stock-Based Compensation Plans and Agreements
A summary of the status of the Company’s stock-settled awards, including base shares for stock-settled stock appreciation rights (SSARs) and stock-settled stock unit awards is as follows:
 Year ended December 31, 2025
 Stock appreciation rightsStock units
AwardsWeighted
average
exercise
price
Weighted
average
remaining
contractual life
AwardsWeighted
average
remaining
contractual life
Outstanding at beginning of year268 $108.02 3,146  
Granted96 $143.45  799  
Added by performance factor
Exercised/Vested(20)$85.65  (710) 
Canceled— $—  (246) 
Outstanding at end of period344 $119.18 1.692,995 1.74
Exercisable at end of period183 $109.53 0.56— — 
Weighted-average fair value of grants:
2025$51.82   $144.10  
2024  $142.36  
2023  $77.61  
Summary of Range of Exercise Prices
 Awards OutstandingWeighted average exercise priceAwards exercisableWeighted average exercise price
Range of SSARs base prices
$100.01–$110.00118 $108.93 118 $108.93 
$110.01–$120.00130 $110.63 65 $110.63 
$140.01–$150.0096 $143.45 — 
Total344 $119.18 183 $109.53 
Summary of Weighted Average Valuation Inputs A summary of the weighted average valuation inputs described above used for estimating the grant-date fair value of SSAR awards granted during the year end December 31, 2025 were as follows:
Expected term4.8
Expected volatility34.3 %
Expected dividend yield— %
Risk-free interest rate4.0 %