SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

11. SHARE-BASED COMPENSATION

Restricted Stock Units

Under the Company's 2013 Stock Compensation Plan, we award restricted and performance stock awards and units to our non-officer directors and certain senior management personnel. The awards typically vest over a three or five year period from the date of grant and are subject to forfeiture until performance and employment targets are achieved. Compensation expense is

typically measured as the market price of the stock awards on the grant date, and is recognized over the specified vesting periods.

The table below presents the activity of restricted stock units for the nine months ended September 30, 2022:

(dollars in thousands, except per share data)	Shares	Weighted Average Grant Date Fair Value		Fair Value of Restricted Stock Awards and Units That Vested During the Period
Non-vested restricted stock units, beginning of period	485,339	$	21.95
Changes during the period:
Granted	95,155	29.38
Vested	(173,762)	21.69		$	4,681
Forfeited	(50,681)	26.28
Non-vested restricted stock units, end of period	356,051	23.45