v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Shares Activity
The following table summarizes the changes to Peoples’ restricted unvested common shares for the six months ended June 30, 2026:
Time-Based VestingPerformance-Based Vesting
 Number of Common SharesWeighted-Average Grant Date Fair ValueNumber of Common SharesWeighted-Average Grant Date Fair Value
January 1, 2026127,672 $28.49 555,561 $30.08 
Awarded71,821 32.99 230,712 33.56 
Released(5,047)28.62 (161,975)30.30 
Forfeited(8,274)32.10 (8,876)30.89 
June 30, 2026
186,172 $30.06 615,422 $31.31 
Summary of Stock-Based Compensation Expense and Related Tax Benefit The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:
Three Months EndedSix Months Ended
June 30,June 30,
(Dollars in thousands)2026202520262025
Employee stock-based compensation expense:
Stock grant expense$1,496 $1,416 $3,365 $3,846 
Employee stock purchase plan expense36 26 70 71 
Total employee stock-based compensation expense1,532 1,442 $3,435 $3,917 
Non-employee director stock-based compensation expense131 131 $262 $247 
Total stock-based compensation expense1,663 1,573 $3,697 $4,164 
Recognized tax benefit(383)(367)(851)(971)
Net stock-based compensation expense$1,280 $1,206 $2,846 $3,193