v3.26.1
Share-Based Payments (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Shares Activity
The following is a summary of award activity for the six months ended June 30, 2026:
Cash-settled Awards
(Units)
Stock-settled Awards
(Shares)
Weighted-Average
Grant-Date
Fair Value
Nonvested, January 1, 2026
— 145,889 $73.60 
Granted14,800 43,355 85.74 
Vested— (48,362)70.13 
Forfeited— (1,875)74.34 
Nonvested, June 30, 2026
14,800 139,007 $79.28 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The grant-date fair value of stock performance awards granted during the six months ended June 30, 2026 and 2025 was determined using a Monte Carlo fair value simulation model incorporating the following assumptions:
20262025
Risk-free interest rate3.49 %4.28 %
Expected term (in years)33
Expected volatility27.70 %30.30 %
Dividend yield2.90 %2.50 %
Schedule of Share-based Compensation Arrangements by Share-based Payment Award
The following is a summary of performance award activity for the six months ended June 30, 2026 (unit/share amounts reflect awards at target):
Cash-settled Awards
(Units)
Stock-settled Awards
(Shares)
Weighted-Average
Grant-Date
Fair Value
Nonvested, January 1, 2026
— 152,800 $75.52 
Granted47,600 14,800 78.32 
Vested— (52,400)61.61 
Forfeited— — — 
Nonvested, June 30, 2026
47,600 115,200 $81.07