v3.26.1
Stock-based Compensation
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation
5.
STOCK-BASED COMPENSATION

Compensation expense recorded for all stock options, performance shares, time-based restricted stock units (RSUs) and stock appreciation rights (SARs) was as follows:

(In thousands)

 

Three Months Ended
March 31,

 

2026

 

 

2025

 

$

1,503

 

 

$

1,382

 

Unrecognized compensation costs for stock options, performance shares, RSUs and SARs were as follows:

(In thousands)

 

March 31,
2026

 

 

December 31,
2025

 

Stock options

 

$

156

 

 

$

109

 

Performance shares and RSUs

 

 

13,907

 

 

 

6,838

 

SARs

 

 

4,152

 

 

 

2,602

 

The change in unrecognized compensation costs for stock options, performance shares, RSUs and SARs is due to new grants issued in 2026.

The Company granted the following awards in the first three months of 2026:

 

 

Shares

 

Stock options

 

 

3,936

 

Performance shares (at target) and RSUs

 

 

202,174

 

SARs

 

 

138,815

 

The unrecognized compensation costs at March 31, 2026, are expected to be recognized over weighted-average periods of 2.2 years for stock options, 2.4 years for performance shares and RSUs and 2.3 years for SARs.