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Stock Options and Other Equity-Based Incentive Instruments (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity during the three months ended March 31, 2024, is summarized in the following table:
Number
of Shares
Weighted
Average
Exercise Price
Outstanding at December 31, 20237,500 $23.21 
Options granted— — 
Options exercised— — 
Options forfeited— — 
Outstanding at March 31, 20247,500 $23.21 
Summary of Options Outstanding
The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of March 31, 2024:
Currently
Exercisable
Currently Not
Exercisable
Total
Outstanding
Number of options7,500 — 7,500 
Weighted average exercise price$23.21 $— $23.21 
Intrinsic value (in thousands)$102 $— $102 
Weighted average remaining contractual term (yrs.)0.5n/a0.5
Restricted Stock Unit (RSU) Activity
Activity related to restricted stock unit awards during the three months ended March 31, 2024 is summarized in the following table:
Service
Condition
Vesting RSUs
Market Plus
Service
Condition
Vesting RSUs
Outstanding at December 31, 2023144,487 123,102 
RSUs granted65,167 56,516 
RSUs added through dividend and performance credits1,968 — 
RSUs released— — 
RSUs forfeited(1,063)(1,204)
Outstanding at March 31, 2024210,559 178,414