Stock-Based Compensation PlansOur restricted and performance-based share activity was as follows for the nine months ended September 30, 2026: | | | | | | | | | | | | | Shares | | Weighted Average Grant Date Fair Value Per Share | | Balance at December 31, 2025 | 965,172 | | $ | 28.28 | | Granted | 351,437 | | 36.07 | | Vested | (128,970) | | 27.24 | | Forfeited | (18,637) | | 32.32 | | Performance Shares Adjustment | 11,246 | | $ | 26.77 | | Balance at September 30, 2026 | 1,180,248 | | $ | 30.64 | |
The following table shows stock-based compensation expense, which is primarily recorded in selling, general and administrative expenses in the consolidated statements of operations (in millions): | | | | | | | | | | | | | Nine Months Ended September 30, | | 2026 | | 2025 | | Stock-based compensation expense | $ | 8.9 | | | $ | 5.5 | | | Income tax benefits related to stock-based compensation | 2.4 | | 1.5 | | Stock-based compensation expense, net of tax | $ | 6.5 | | | $ | 4.0 | |
The unrecognized compensation expense related to our restricted and performance-based shares was $17.4 million at September 30, 2026, and is expected to be recognized as shares vest over a weighted average period of 2.6 years and less than one year for employees and directors, respectively.
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