v3.26.1
Share Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]
A summary of changes in the common shares subject to nonvested PBRSUs and TBRSUs for the three months ended March 31, 2026 and 2025 follows. PBRSUs herein represent the maximum number of nonvested PBRSUs. The fair value of the PBRSUs and TBRSUs was determined using the quoted price of Park stock on the date of grant.

Common shares subject to PBRSUs and TBRSUsWeighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025186,020 $131.20 
Granted49,350 170.72 
Vested(51,833)119.31 
Forfeited— — 
Adjustment for performance conditions of PBRSUs (1)
— — 
Nonvested at March 31, 2025183,537 $145.19 
Nonvested at January 1, 2026182,384 $145.13 
Granted72,668 159.59 
Vested(47,355)138.65 
Forfeited(1,448)148.13 
Adjustment for performance conditions of PBRSUs (1)
— — 
Nonvested at March 31, 2026 (2)
206,249 $151.69 
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest
A summary of awards vested during the three months ended March 31, 2026 and 2025 follows:

Three Months Ended
March 31,
20262025
PBRSUs vested47,35551,833 
Common shares withheld to satisfy employee income tax withholding obligations17,66019,468 
Net common shares issued29,69532,365
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]
The following table details expected additional share-based compensation expense related to PBRSUs and TBRSUs outstanding at March 31, 2026:

(In thousands)
Nine months ending December 31, 2026$6,860 
20276,837 
20284,176 
20291,758 
2030277 
Total$19,908