As more fully discussed in Note 13 of the notes to the consolidated financial statements in our 2025 Annual Report on Form 10-K, we have awards outstanding for Common Stock under stock-based employee compensation plans.


	Service-Based Restricted Stock Awards			Performance-Based Restricted Stock Awards
	Shares or Units (#)	Weighted-Average Award Price ($)		Shares or Units (#)	Weighted-Average Award Price ($)
Outstanding at December 31, 2025	300,920	$	26.30	267,582	$	27.50
Granted/Issued	205,046	26.81		164,029	26.81
Awards vested or rights exercised(1)	—	—		(69,419)	23.81
Forfeited	(2,900)	24.54		—	—
Adjustment of units based on performance	—	—		34,178	22.94
Outstanding at March 31, 2026	503,066	$	26.52	396,370	$	25.84
Restricted units expected to vest	503,066	$	26.52	418,677	$	25.89

The aggregate intrinsic value of outstanding service-based restricted stock awards was approximately $10.7 million at March 31, 2026. The restrictions on the service-based awards generally lapse or vest annually, primarily over one-year and three-year periods.

The total fair value of performance-based restricted stock awards that vested during the three months ended March 31, 2026 was approximately $1.7 million. The aggregate intrinsic value of outstanding performance awards at March 31, 2026 expected to vest was approximately $8.9 million. The performance awards are based on one-year performance periods but cliff vest in approximately three years from grant date.

The compensation for all awards is charged to selling, general and administrative expenses over the respective grants’ vesting periods, primarily on a straight-line basis. The amount charged was approximately $2.4 million and $2.1 million for the three months ended March 31, 2026 and 2025, respectively. Forfeitures are recognized as they occur. As of March 31, 2026, the total compensation cost related to unvested equity awards was approximately $15 million and is expected to be recognized over a weighted-average period of two years.