Total stock-based compensation cost recognized for the three months ended March 31, 2026 and March 31, 2025 was $9.6 million and $7.6 million, respectively. The total income tax benefit recognized in the unaudited consolidated statements of operations from stock-based compensation expense for the three months ended March 31, 2026 and March 31, 2025 was $1.9 million and $1.3 million, respectively.

The following table summarizes information about restricted stock awards for the three months ended March 31, 2026:


Restricted Stock	Number of Shares	Weighted Average Grant-Date Fair Value
Balance at January 1, 2026	313,820	$	176.06
Granted	57,336	260.20
Vested	(70,985)	154.03
Forfeited	(1,849)	186.63
Balance at March 31, 2026	298,322	$	197.41

As of March 31, 2026, there was $45.3 million of total unrecognized compensation cost arising from restricted stock awards. This cost is expected to be recognized over a weighted average period of 2.7 years. The total fair value of restricted stock vested during the three months ended March 31, 2026 and March 31, 2025 was $18.4 million and $15.0 million, respectively.

Performance stock awards are subject to performance criteria established by the Compensation and Human Capital Committee of the Company’s Board of Directors prior to or at the date of grant. The performance stock awards are earned based on achieving certain Adjusted EBITDA and Adjusted EBITDA Margin targets set forth in the applicable award agreements. Performance stock awards include continued service conditions through the vesting date.

The following table summarizes information about performance stock awards for the three months ended March 31, 2026:


Performance Stock	Number of Shares	Weighted Average Grant-Date Fair Value
Balance at January 1, 2026	147,404	$	182.63
Granted (1)	82,610	259.91
Vested	(13,990)	114.57
Forfeited (2)	(34,175)	174.70
Balance at March 31, 2026	181,849	$	224.46

(1) The granted activity for performance stock awards is recorded based on the target performance level of 100%. The actual number of performance share awards earned for the 2026 performance stock grants could range from 0% to 200% of target depending on the achievement of the pre-established performance goals.

(2) Includes the forfeiture of 32,918 shares related to the 2024 performance share awards that were not achieved at the threshold level of achievement. These awards were forfeited on March 13, 2026.

As of March 31, 2026, there was $33.1 million of total unrecognized compensation cost arising from performance stock awards achieved or deemed probable of vesting. This cost is expected to be recognized over a weighted average period of 2.6 years. The total fair value of performance awards vested during the three months ended March 31, 2026 and March 31, 2025 was $4.0 million and $6.6 million, respectively.