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Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure The Governance and Human Capital Committee and senior management monitor the Company’s equity grant practices to
evaluate whether such policies comply with governing regulations and are consistent with good corporate practices. Generally,
the Governance and Human Capital Committee makes annual long-term incentive awards to the named executive officers in
connection with its annual review of compensation in the first quarter of the year, after results for the preceding fiscal year
become available and after review and evaluation of each executive officer’s performance, enabling the Governance and
Human Capital Committee to consider both the prior year’s performance and expectations for the succeeding year in making
grant decisions. Generally, the Governance and Human Capital Committee makes decisions regarding annual equity awards
shortly following the public release of results for the preceding year, which is a time when the Company is less likely to have
material non-public information that could impact our stock price. The annual grants have historically had a pre-established
effective date of March 1 of each year, therefore, any release of material non-public information following the grants would be
coincidental. The Governance and Human Capital Committee may also grant equity awards from time to time to reflect
promotions, special achievements, new hires or retention needs. As noted above, the Governance and Human Capital
Committee does not intend to make any additional one-time awards absent exceptional circumstances.
Time-vested restricted shares generally vest in four equal annual installments subject to continued service with the Company.
Performance share awards generally have a three-year performance period, and cliff vest at the end of a three-year service
period.
The Governance and Human Capital Committee reviews the terms and conditions of our performance shares at least annually
to assess alignment with our strategic plan. It selects the performance metric or metrics that will be used, and sets specific
targets, thresholds and maximums.
Dividends are generally payable currently with respect to time-vested restricted shares. Dividends are accrued on unvested
performance shares and are paid without interest at the same time as the underlying shares vest. No dividends are paid on
forfeited performance shares.
Award Timing Method Generally, the Governance and Human Capital Committee makes decisions regarding annual equity awards
shortly following the public release of results for the preceding year, which is a time when the Company is less likely to have
material non-public information that could impact our stock price. The annual grants have historically had a pre-established
effective date of March 1 of each year, therefore, any release of material non-public information following the grants would be
coincidental. The Governance and Human Capital Committee may also grant equity awards from time to time to reflect
promotions, special achievements, new hires or retention needs.
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered Generally,
the Governance and Human Capital Committee makes annual long-term incentive awards to the named executive officers in
connection with its annual review of compensation in the first quarter of the year, after results for the preceding fiscal year
become available and after review and evaluation of each executive officer’s performance, enabling the Governance and
Human Capital Committee to consider both the prior year’s performance and expectations for the succeeding year in making
grant decisions. Generally, the Governance and Human Capital Committee makes decisions regarding annual equity awards
shortly following the public release of results for the preceding year, which is a time when the Company is less likely to have
material non-public information that could impact our stock price.
MNPI Disclosure Timed for Compensation Value false