Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plans (Tables)

v3.22.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-based Compensation Expense
Stock-based compensation expense and related tax benefits recognized under the 2006 Plan for the years ended December 31, was as follows (in thousands):

  2022 2021 2020
Stock-settled bonus awards $ 1,186  $ 820  $ 1,265 
Vesting stock awards 2,089  2,273  1,593 
Performance share awards
 1,067  784  — 
Total $ 4,342  $ 3,877  $ 2,858 
Tax benefit recognized from stock-based compensation $ 1,083  $ 967  $ 713 
Schedule of Other Restricted Stock Awards
Vesting stock award activity for the year ended December 31, 2022 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021 61,351 $ 38.80 
Granted 46,463  $ 43.01 
Vested (38,509) $ 36.37 
Forfeited (5,380) $ 42.53 
Unvested as of December 31, 2022 63,925 $ 43.01 
Performance Shares Activity
Performance Share award activity for the year ended December 31, 2022 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021 42,173 $ 42.01 
Granted 51,441  $ 43.30 
Vested (10,542) $ 42.01 
Forfeited (10,911) $ 42.36 
Unvested as of December 31, 2022 72,161 $ 42.88