v3.26.3
Equity Incentive Plan (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted share activity
Restricted share activity is summarized as follows (shares in thousands):
Shares
Outstanding
Weighted Average
Grant Date
Fair Value
Unvested restricted stock at December 31, 2025193$66.65 
Restricted stock granted92$79.19 
Restricted stock vested(100)$66.55 
Restricted stock forfeited(3)$73.95 
Unvested restricted stock at September 30, 2026182$72.94 
Schedule of valuation assumptions used
The following assumptions were used when determining the grant date fair value:
20262025
Expected term (years)2.92.9
Volatility17.8 %19.6 %
Risk-free rate3.5 %4.2 %
Schedule of performance share and unit activity
Performance units activity is summarized as follows (shares in thousands):
Target Number
of Awards		Weighted Average
Grant Date
Fair Value
Performance units and shares - three-year performance period to be completed at December 31, 2025213$72.42 
Performance units granted91$85.44 
Performance units - three-year performance period completed(47)$80.34 
Performance units and shares - three-year performance period to be completed at September 30, 2026257$75.57 
Shares
Outstanding		Weighted Average
Grant Date
Fair Value
Performance shares - three-year performance period completed but not yet vested at December 31, 202542$67.64 
Shares earned at completion of three-year performance period(1)
62$80.34 
Shares vested(87)$76.56 
Performance shares - three-year performance period completed but not yet vested at September 30, 202617$68.59 
(1)Performance units granted in 2023 for which the three-year performance period was completed in 2026 were earned at the 133% performance level.