Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation Plans (Tables)

v3.25.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock-based Compensation Expense tock-based compensation expense and related tax benefits recognized related to stock-based compensation were as follows (in thousands):
For the years ended December 31,
  2025 2024 2023
Stock-settled bonus awards $ 900  $ 273  $ 856 
Time-vested stock awards
 5,606  3,583  2,482 
Performance share awards
 6,386  4,151  3,407 
   Total
 $ 12,892  $ 8,007  $ 6,745 
Tax benefits recognized
 $ 3,217  $ 1,998  $ 1,683 
Schedule of Other Restricted Stock Awards
Time-vested stock award activity for the year ended December 31, 2025 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024 119,460 $ 67.16 
Granted 64,165  $ 115.64 
Vested (51,798) $ 61.84 
Forfeited (8,047) $ 59.37 
Unvested as of December 31, 2025 123,780 $ 95.03 
Schedule of Performance Shares Activity
Performance Share award activity for the year ended December 31, 2025 was:
Number of Shares
Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024 110,157 $ 54.20 
Granted 35,614  $ 116.92 
Vested (67,696) $ 55.48 
Forfeited (7,408) $ 65.47 
Performance award achievement adjustments (a)
12,117 $ 77.76 
Unvested as of December 31, 2025 82,784 $ 82.57 
(a) Represents the difference between the target shares granted and the actual shares awarded based upon the attainment of performance goals for the Company.