v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Activity

Restricted stock activity for the year ended December 31, 2025 and the three months ended March 31, 2026 was as follows:

 

 

RSA

 

Weighted Average
Grant Price

 

PRSU

 

Weighted Average
Grant Price

 

RSU

 

Weighted Average
Grant Price

 

Total

 

Weighted Average
Grant Price

Nonvested balance as of December 31, 2024

 

28,896

 

$30.09

 

49,630

 

$42.24

 

80,161

 

$36.04

 

158,687

 

$36.77

Granted (1)

 

 

 

12,195

 

63.61

 

45,789

 

51.39

 

57,984

 

53.92

Vested

 

(20,280)

 

28.74

 

(15,825)

 

42.70

 

(32,376)

 

37.56

 

(68,481)

 

37.21

Forfeited

 

(976)

 

33.60

 

 

 

(2,468)

 

41.48

 

(3,444)

 

40.79

Nonvested balance as of December 31, 2025

 

7,640

 

33.76

 

46,000

 

47.31

 

91,106

 

43.03

 

144,746

 

43.87

Granted (1)

 

 

 

9,575

 

63.60

 

34,035

 

57.84

 

43,610

 

59.09

Vested

 

(6,665)

 

33.60

 

 

 

(31,357)

 

40.93

 

(38,022)

 

39.65

Forfeited

 

 

 

 

 

(1,721)

 

50.26

 

(1,721)

 

50.26

Nonvested balance as of March 31, 2026

 

975

 

$34.85

 

55,575

 

$50.12

 

92,063

 

$49.17

 

148,613

 

$49.43

Unrecognized compensation cost (in thousands)

 

$9

 

 

 

$1,340

 

 

 

$4,247

 

 

 

$5,596

 

 

Weighted average remaining recognition period (in years)

 

0.40

 

 

 

2.13

 

 

 

2.44

 

 

 

2.42

 

 

(1)
The number of restricted shares/units shown includes the shares that would be granted if the target level of performance is achieved related to the PRSU. The number of shares actually issued may vary.
Share-based Payment Arrangement, Expensed and Capitalized, Amount

Share-based compensation expense related to restricted stock and ESPP included in the unaudited Consolidated Statements of Income was as follows:

 

 

For the Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(In Thousands)

 

Share-based compensation expense

 

$

647

 

 

$

651