v3.25.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation  
Summary of stock option activity

Weighted 

Aggregate

Weighted Average 

Average 

Intrinsic

Remaining Contractual

Options

Exercise Price

Value

Life (in years)

Outstanding at December 31, 2024

1,088,108

 

$

25.81

 

$

7,839

8.2

Granted

 

381,220

34.55

 

Exercised

 

(141,662)

 

23.68

 

2,577

 

Forfeited

 

 

 

 

Outstanding at December 31, 2025

1,327,666

 

$

28.55

 

$

16,323

7.8

Exercisable at December 31, 2025

709,898

$

25.31

$

11,025

7.1

Vested and expected to vest at December 31, 2025

1,327,666

 

$

28.55

 

$

16,323

7.8

Performance Shares  
Stock-Based Compensation  
Schedule of fair value of the stock-based awards

2021

Number issued

2,600,000

Vesting period

$40.00 stock price target

Grant price (per share)

$4.65

Dividend yield

0.0%

Expected volatility

32.08%

Risk-free interest rate

1.59%

Expected term (years)

5.67

Weighted average fair value (per share)

$4.65

Summary of award activity

Weighted Average 

Grant Date

Shares

Fair Value

Outstanding at December 31, 2024

2,600,000

 

$

4.65

Granted

 

Vested

 

(2,250,000)

 

4.65

Forfeited

 

 

Outstanding at December 31, 2025

350,000

 

$

4.65

Employee Stock Option  
Stock-Based Compensation  
Schedule of fair value of the stock-based awards

2025

2024

2023

Number issued

381,220

328,474

395,253

Vesting period

1 - 3 years

1 - 3 years

1 - 3 years

Grant price (per share)

$32.77 - $34.91

$34.66

$20.53

Dividend yield

1.09% - 1.16%

1.01%

1.56%

Expected volatility

28.50% - 28.73%

28.70%

31.40%

Risk-free interest rate

3.96% - 4.19%

4.36%

3.68%

Expected term (years)

4.68 - 6.00

4.68 - 6.00

4.68 - 6.00

Weighted average fair value (per share)

$10.88

$8.13

$6.34

RSUs  
Stock-Based Compensation  
Summary of award activity

Weighted Average 

Grant Date

Shares

Fair Value

Outstanding at December 31, 2024

264,555

 

$

29.11

Granted

 

130,523

34.91

Vested

 

(88,600)

 

26.22

Forfeited

Outstanding at December 31, 2025

306,478

 

$

32.41