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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Changes in Restricted Stock Units The following table summarizes information about the changes in restricted stock units for the three-months ended March 31, 2024 and 2023.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

53,817

 

 

$

37.04

 

 

 

39,657

 

 

$

47.83

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Vesting

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(599

)

 

 

33.89

 

 

 

(2,888

)

 

 

47.87

 

Balance at end of period

 

 

53,218

 

 

$

37.07

 

 

 

36,769

 

 

$

47.83

 

Schedule of Changes in Performance Stock Units

The following table summarizes information about the changes in PSUs as of and for the three-months ended March 31, 2024 and 2023.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

75,227

 

 

$

40.24

 

 

 

47,082

 

 

$

48.00

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Vesting

 

 

(20,532

)

 

 

48.91

 

 

 

 

 

 

 

Forfeited/expired

 

 

(686

)

 

 

35.61

 

 

 

(3,456

)

 

 

48.04

 

Balance at end of period

 

 

54,009

 

 

$

37.00

 

 

 

43,626

 

 

$

48.00

 

 

Summary of Vested and Unvested Restricted Stock Outstanding

The following table summarizes information about vested and unvested restricted stock.

 

 

 

For the Three-Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

25,190

 

 

$

27.79

 

 

 

24,813

 

 

$

36.21

 

Grants

 

 

 

 

 

 

 

 

 

 

 

 

Vesting

 

 

 

 

 

 

 

 

(2,872

)

 

 

28.25

 

Forfeited/expired

 

 

 

 

 

 

 

 

(1,105

)

 

 

29.70

 

Balance at end of period

 

 

25,190

 

 

$

27.79

 

 

 

20,836

 

 

$

37.53

 

Schedule of Analysis of Stock Option Activity An analysis of stock option activity for the three-months ended March 31, 2024 is presented in the table and narrative below:​​​​​​​

 

 

 

Shares

 

 

Weighted-
Average Ex. Price

 

Outstanding, December 31, 2023

 

 

1,552,249

 

 

$

30.45

 

Granted

 

 

 

 

 

 

Exercised

 

 

(82,614

)

 

 

20.77

 

Cancelled

 

 

(21,692

)

 

 

36.49

 

Outstanding, March 31, 2024

 

 

1,447,943

 

 

 

30.91

 

Exercisable, March 31, 2024

 

 

813,657

 

 

$

25.85