v3.26.1
Stock-based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

NOTE 10 – STOCK-BASED COMPENSATION

The Company granted stock awards in the form of RSUs, cash-settled RSUs, and performance shares to employees and non-employee directors under the 2018 Amended and Restated Omnibus Plan (the “2018 A&R Omnibus Plan”). On June 2, 2026, the Company’s stockholders approved the 2026 Omnibus Incentive Plan (the “2026 Omnibus Plan”) that replaced the 2018 A&R Omnibus Plan. As of June 30, 2026, 473,743 shares previously awarded under the 2018 A&R Omnibus Plan remained outstanding.

The 2026 Omnibus Plan allows the Company to grant up to 1,321,000 total shares of common stock to officers, key employees, and non-employee directors. As of June 30, 2026, the Company had 1,319,931 shares available for grant under the 2026 Omnibus Plan.

The following awards were granted during the three and six months ended June 30, 2026 and 2025:

 

 

Awards Granted

 

 

Average Grant Date Fair Value

 

 

Awards Granted

 

 

Average Grant Date Fair Value

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Employee Stock Awards - RSUs

 

 

1,069

 

 

 

134

 

 

$

64.36

 

 

$

84.46

 

 

 

133,060

 

 

 

142,855

 

 

$

65.88

 

 

$

84.83

 

Employee Stock Awards - PSAs

 

 

 

 

 

 

 

$

 

 

$

 

 

 

70,836

 

 

 

75,313

 

 

$

66.40

 

 

$

76.42

 

Cash-Settled RSUs

 

 

1,355

 

 

 

343

 

 

$

64.36

 

 

$

84.46

 

 

 

69,968

 

 

 

73,421

 

 

$

65.86

 

 

$

84.83

 

Non-Employee Director Stock Awards - RSUs

 

 

 

 

 

444

 

 

$

 

 

$

84.40

 

 

 

 

 

 

444

 

 

$

 

 

$

84.40

 

 Total

 

 

2,424

 

 

 

921

 

 

 

 

 

 

 

 

 

273,864

 

 

 

292,033

 

 

 

 

 

 

 

The total stock-based compensation expense was $5.5 million and $5.8 million for the three months ended June 30, 2026 and 2025, respectively, and $10.9 million and $9.8 million for the six months ended June 30, 2026 and 2025, respectively. The unrecognized compensation expense at June 30, 2026 was $31.9 million, which is expected to vest over the next 1.9 years.