v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of RSUs
A summary of the RSUs for the years ended December 31, 2025 is as follows:
 Restricted Share Awards
 
Performance
and Service
Required (a)
Service
Required		Total
Restricted
Awards		Weighted-Average
Grant-Date
Fair Value
Nonvested as of January 1, 2025146,52317,250163,773$87.86 
Granted40,3927,38447,776145.31 
Vested(61,654)(10,212)(71,866)63.35 
Forfeited———— 
Nonvested as of December 31, 2025125,26114,422139,683$120.12 
(a)    Nonvested, performance-based RSUs are reflected above at the maximum performance achievement level.
Schedule of Fair Values for the Stock Options The fair values for the stock options granted were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 2024
Risk-free interest rate4.2 %
Dividend yield1.1 %
Expected life (years)5 years
Expected volatility38.2 %
Schedule of Option Activity in the Company's Incentive Plan
Activity in the Company’s Incentive Plan and 2025 Plan for the year ended December 31, 2025 was as follows:
 
Number of
Shares
Weighted
Average
Exercise Price
per Share
Weighted
Average
Remaining Contractual
Term (Years)
Aggregate
Intrinsic
Value
Outstanding as of January 1, 202526,425$79.33  
Exercised(7,925)71.31  
Outstanding (vested and expected to vest) at December 31, 202518,500$83.60 6.9$2,278 
Exercisable at December 31, 202514,750$71.19 6.3$1,999