v3.26.1
Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of stock option activity is as follows:
Number of
Shares
Weighted Average
Exercise Price ($)
Weighted Average
Remaining Contractual
Term (Years)
Aggregate Intrinsic Value
of In-the-Money
Options ($)
Outstanding as of December 31, 2025107,200 $20.11 
Exercised(67,200)20.11 
Outstanding as of June 30, 202640,000 $20.12 0.65$1,206,800 
Exercisable as of June 30, 202640,000 $20.12 0.65$1,206,800 
Schedule of Nonvested Total Shareholder Return Awards
A summary of nonvested TSRs is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 20251,058,606 $43.22 
Granted499,639 46.44 
Vested(731,472)41.38 
Forfeited(42,371)46.87 
Change in payout rate258,095 42.16 
Nonvested as of June 30, 20261,042,497 $45.64 
Schedule of Fair Value of TSRs
The fair value of TSRs granted during the six months ended June 30, 2026 and 2025, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, Compensation - Stock Compensation, using the following weighted average assumptions:
Six Months Ended June 30,
20262025
Expected life (years)3.12.3
Risk-free interest rate3.6 %4.0 %
Expected volatility33.7 %33.2 %
Expected dividend yield— — 
Schedule of Nonvested Restricted Share Unit Awards
A summary of nonvested restricted share unit awards ("RSUs") is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 20251,710,592 $44.14 
Granted1,360,995 42.58 
Vested(621,176)38.75 
Forfeited(141,926)41.17 
Nonvested as of June 30, 20262,308,485 $44.85