v3.26.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Shares Activity
The following table summarizes the changes to Peoples’ unvested restricted common shares for the nine months ended September 30, 2026:
Time-Based VestingPerformance-Based Vesting
Number of Common SharesWeighted-Average Grant Date Fair ValueNumber of Common SharesWeighted-Average Grant Date Fair Value
January 1, 2026127,672 $28.49 555,561 $30.08 
Awarded78,939 33.57 231,346 33.70 
Released(16,395)27.79 (161,975)30.30 
Forfeited(8,274)32.10 (9,352)31.02 
September 30, 2026
181,942 $30.59 615,580 $31.36 
Summary of Stock-Based Compensation Expense and Related Tax Benefit The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:
Three Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2026202520262025
Employee stock-based compensation expense:
Stock grant expense$1,917 $1,163 $5,283 $5,051 
Employee stock purchase plan expense37 35 106 106 
Total employee stock-based compensation expense1,954 1,198 $5,389 $5,157 
Non-employee director stock-based compensation expense131 131 $393 $378 
Total stock-based compensation expense2,085 1,329 $5,782 $5,535 
Recognized tax benefit(480)(310)(1,331)(1,291)
Net stock-based compensation expense$1,605 $1,019 $4,451 $4,244