v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Shares Activity
The following table summarizes the changes to Peoples’ outstanding restricted common shares for the three months ended March 31, 2026:
Time-Based VestingPerformance-Based Vesting
 Number of Common SharesWeighted-Average Grant Date Fair ValueNumber of Common SharesWeighted-Average Grant Date Fair Value
Outstanding at January 1, 2026127,672 $28.49 547,911 $30.08 
Awarded26,259 31.98 274,781 33.56 
Released(5,047)28.62 (159,631)30.30 
Forfeited(4,136)33.61 (3,547)31.25 
Outstanding at March 31, 2026
144,748 $28.97 659,514 $31.47 
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 Ended
March 31,
(Dollars in thousands)20262025
Employee stock-based compensation expense:
Stock grant expense$1,870 $2,430 
Employee stock purchase plan expense34 45 
Total employee stock-based compensation expense1,904 2,475 
Non-employee director stock-based compensation expense131 116 
Total stock-based compensation expense2,035 2,591 
Recognized tax benefit(469)(604)
Net stock-based compensation expense$1,566 $1,987