A summary of Holdings' restricted share activity for the three months ended March 31, 2026 is as follows:


	2026
	Time-Based
	Number of Shares	Weighted Average Grant Date Fair Value
	(In whole shares)
Outstanding - beginning of year	649,612	$	20.39
Granted	1,454	20.79
Vested	(6,013)	19.21

Canceled or expired	(584)	21.67
Outstanding - end of period	644,469	$	20.40

Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. Total stock-based compensation expense was $1.4 million and $1.5 million for the three months ended

March 31, 2026 and 2025, respectively. As of March 31, 2026, there was $6.0 million of unrecognized compensation cost related to non-vested stock-based compensation, which is expected to be recognized over a weighted-average period of 1.7 years.