SHARE-BASED AWARDS |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| SHARE-BASED AWARDS | |
| SHARE-BASED AWARDS | 14. SHARE-BASED AWARDS The Company’s share-based awards are described in Note 15 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. During the three and nine months ended September 30, 2026, the Company granted time-based restricted stock units and performance-based shares to certain of its employees totaling approximately 1,100 shares and 268,500 shares, with a combined weighted average grant date fair value of $213.85 and $117.98 per share, respectively. Total share-based compensation expense, net of forfeitures recognized in the Condensed Consolidated Statements of Income and Comprehensive Income as a component of general and administrative expenses was $6.5 million and $5.3 million for the three months ended September 30, 2026 and 2025, and $18.2 million and $17.0 million for the nine months ended September 30, 2026 and 2025, respectively. Total unrecognized compensation cost related to non-vested stock units and performance based equity awards was $29.9 million at September 30, 2026, and is expected to be recognized over a weighted average period of approximately 1.8 years.
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