Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plans (Tables)

v3.24.0.1
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2023
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):
  2023 2022 2021
Stock-settled bonus awards $ 1,166  $ 1,186  $ 820 
Time-vested stock awards
 2,639  2,089  2,273 
Performance share awards
 3,807  1,067  784 
Total $ 7,612  $ 4,342  $ 3,877 
Tax benefit recognized from stock-based compensation $ 1,899  $ 1,083  $ 967 
Schedule of Other Restricted Stock Awards
Time-vested stock award activity for the year ended December 31, 2023 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2022 63,925 $ 43.01 
Granted 60,295  $ 45.78 
Vested (25,684) $ 43.13 
Forfeited (693) $ 43.30 
Unvested as of December 31, 2023 97,843 $ 44.68 
Performance Shares Activity
Performance Share award activity for the year ended December 31, 2023 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2022 72,161 $ 42.88 
Granted 121,844  $ 42.23 
Vested (25,723) $ 42.83 
Forfeited — $ — 
Unvested as of December 31, 2023 168,282 $ 42.41