v3.26.3
Shareholders' Equity and Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Share-Based Payment Arrangement, Activity The following table presents a rollforward of share-based awards for the
periods indicated:
Nine Months Ended
September 30,
 
2026
2025
Type of Award
Shares
Weighted
Average
Grant Date
Fair Value
Per Share
Shares
Weighted
Average
Grant Date
Fair Value
Per Share
Restricted stock:
Awards outstanding, beginning of period
25,105
$12.34
93,595
$12.78
Granted
—
—
—
—
Vested
(16,809)
12.26
(66,860)
12.96
Awards outstanding, end of period
8,296
$12.50
26,735
$12.34
Target RSUs: (1)
Awards outstanding, beginning of period
738,223
$12.79
463,070
$12.64
Granted
569,942
13.59
399,096
12.78
Vested
(436,053)
12.63
(227,483)
12.69
Awards outstanding, end of period
872,112
$13.40
634,683
$12.71
Target PSUs: (2)
Awards outstanding, beginning of period
693,414
$12.26
482,409
$12.32
Granted
590,231
13.68
371,282
12.05
Vested
(129,870)
12.26
—
—
Forfeited
(60,129)
13.68
—
—
Awards outstanding, end of period
1,093,646
$12.95
853,691
$12.20
(1)The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may
range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is
met.
(2)The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may
range from 0% to 200% based on the achievement of the performance goals defined in each grant award.
Schedule of Dividends Payable The following table discloses the dividends payable to the Company’s shareholders for common and
preferred stock as well as to its employees and directors for DERs related to its outstanding RSUs and PSUs as of
the dates indicated:
Dividends Payable
September 30, 2026
December 31, 2025
($s in thousands)
RSU DERs
$1,628
$1,578
PSU DERs
2,741
3,423
Accrued DERs
4,369
5,001
Common stock dividends
$43,850
$29,877
Preferred stock dividends
2,361
2,293
Accrued dividends
46,211
32,170
Total dividends payable
$50,580
$37,171
Share-Based Payment Arrangement, Nonvested Award, Cost The following table
discloses the Company’s remaining compensation expense related to stock awards it has granted as of September 30,
2026, which will be amortized over the period disclosed:
September 30, 2026
($s in thousands)
Remaining
Compensation Cost
WAVG Period of
Recognition
Restricted stock
$42
0.4 years
RSUs
5,948
2.0 years
PSUs
3,361
1.9 years
Total
$9,351
1.9 years