v3.26.1
Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock Option Activity
A summary of the Plans’ stock option activity for the three months ended March 31, 2026 and March 31, 2025 is presented below:
Stock OptionsCommon
Shares
Weighted
Average
Strike Price
Remaining
Contractual
Term (1)
Intrinsic
Value (2)
(in thousands)
Outstanding at January 1, 2026
5,675 $44.81 
Granted  
Exercised(2,325)40.97 
Forfeited or canceled  
Outstanding at March 31, 2026
3,350 $47.47 2.8$306 
Exercisable at March 31, 2026
3,350 $47.47 2.8$306 
Stock OptionsCommon
Shares
Weighted
Average
Strike Price
Remaining
Contractual
Term (1)
Intrinsic
Value (2)
(in thousands)
Outstanding at January 1, 2025
10,825 $43.76 
Granted— — 
Exercised(5,150)42.61 
Forfeited or canceled— — 
Outstanding at March 31, 2025
5,675 $44.81 3.4$384 
Exercisable at March 31, 2025
5,675 $44.81 3.4$384 
(1)Represents the remaining weighted average contractual life in years.
(2)Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company’s stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company’s stock.
Schedule of Plans' Restricted and Performance Share Award Activity
A summary of the Plans’ restricted share activity for the three months ended March 31, 2026 and March 31, 2025 is presented below:
Three months ended March 31, 2026Three months ended March 31, 2025
Restricted SharesCommon
Shares
Weighted
Average
Grant-Date
Fair Value
Common
Shares
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1888,398 $101.63 880,866 $90.95 
Granted246,987 153.55 245,654 133.61 
Vested and issued(268,760)93.29 (192,866)94.94 
Forfeited or canceled(7,356)117.07 (7,587)103.76 
Outstanding at March 31
859,269 $119.23 926,067 $101.33 
Vested, but deferred, at March 31
102,584 $55.94 101,000 $54.75 

A summary of the Plans’ performance-based stock award activity, based on the target level of the awards, for the three months ended March 31, 2026 and March 31, 2025 is presented below:
Three months ended March 31, 2026Three months ended March 31, 2025
Performance-based Stock Common
Shares
Weighted
Average
Grant-Date
Fair Value
Common
Shares
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1377,757 $102.38 454,017 $93.57 
Granted85,822 148.36 86,524 134.69 
Added by performance factor at vesting, net9,242  75,461 — 
Vested and issued(196,899)90.33 (230,957)95.26 
Forfeited or canceled(336)112.99 (2,902)97.28 
Outstanding at March 31
275,586 $125.92 382,143 $102.41 
Vested, but deferred, at March 31
 $ 13,176 $40.20