Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Compensation Activity

The following table summarizes the Company’s share-based compensation activity:


	Quarter ended March 31,
	2026		2025
	(in thousands)
Grants:
Restricted share units		321		199
Performance share units		287		168
		608		367
Grant date fair value:
Restricted share units	$	3,897	$	2,815
Performance share units		3,492		2,365
	$	7,389	$	5,180
Vestings:
Restricted share units		178		138
Performance share units (1)		101		91
		279		229
Forfeitures:
Restricted share units		1		—
Performance share units		1		—
		2		—
Compensation expense relating to share-based grants	$	1,099	$	963

(1)

The actual number of performance-based restricted share units (“RSUs”) that vested during the quarter ended March 31, 2026 was approximately 79% of the 128,212 originally granted performance-based RSUs.

Summary of Restricted Share Units and Performance Share Units Expected to Vest


	March 31, 2026
	Restricted share units		Performance share units
Shares expected to vest:
Number of restricted shares units (in thousands)		432		437
Grant date average fair value per unit	$	12.72	$	12.84