v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Changes in Restricted Stock Units The following table summarizes information about the changes in restricted stock units for the three-months ended March 31, 2026 and 2025.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

81,707

 

 

$

34.91

 

 

 

71,656

 

 

$

34.36

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Vesting

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(1,299

)

 

 

34.62

 

 

 

(397

)

 

 

33.47

 

Balance at end of period

 

 

80,408

 

 

$

34.91

 

 

 

71,259

 

 

$

34.36

 

Schedule of Changes in Performance Stock Units

The following table summarizes information about the changes in PSUs as of and for the three-months ended March 31, 2026 and 2025.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

115,681

 

 

$

33.93

 

 

 

96,206

 

 

$

35.83

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Performance adjustment (1)

 

 

14,437

 

 

 

29.53

 

 

 

11,031

 

 

 

47.19

 

Vesting

 

 

(43,329

)

 

 

29.53

 

 

 

(33,104

)

 

 

47.19

 

Forfeited/expired

 

 

(1,268

)

 

 

35.48

 

 

 

(614

)

 

 

32.59

 

Balance at end of period

 

 

85,521

 

 

$

35.40

 

 

 

73,519

 

 

$

32.45

 

(1) PSUs are presented as outstanding, granted and forfeited in the table above assuming targets are met and the awards pay out at 100%. PSU awards are settled with payouts ranging from 0% to 200% of the target award value based on the Company's performance relative to a predefined peer group over a fixed three-year performance period. The performance adjustment represents the difference in shares ultimately awarded due to performance attainment above or below target.

Summary of Vested and Unvested Restricted Stock Outstanding

The following table summarizes information about vested and unvested restricted stock.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

24,876

 

 

$

33.78

 

 

 

24,348

 

 

$

30.91

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Vesting

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

 

24,876

 

 

$

33.78

 

 

 

24,348

 

 

$

30.91

 

Schedule of Analysis of Stock Option Activity

An analysis of stock option activity for the three-months ended March 31, 2026 is presented in the table and narrative below:

 

 

 

Shares

 

 

Weighted-
Average Ex. Price

 

Outstanding, December 31, 2025

 

 

1,545,453

 

 

$

34.10

 

Granted

 

 

 

 

 

 

Exercised

 

 

(25,500

)

 

 

21.18

 

Cancelled

 

 

(32,358

)

 

 

36.26

 

Outstanding, March 31, 2026

 

 

1,487,595

 

 

 

34.27

 

Exercisable, March 31, 2026

 

 

927,487

 

 

$

32.64