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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
STOCK-BASED COMPENSATION [Abstract]  
Restricted Stock Activity Under Omnibus Plan [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes the restricted stock activity under the Omnibus
 
Plan during the years ended December 31, 2022
and 2021:
2022
2021
Number of
Weighted-
Number of
Weighted-
shares of
Average
shares of
Average
restricted
Grant Date
restricted
Grant Date
stock
 
Fair Value
stock
 
Fair Value
Unvested shares outstanding at beginning of year
1,148,775
$
6.61
1,320,723
$
5.74
Granted
(1)
327,195
13.21
324,360
11.47
Forfeited
(15,108)
8.79
(82,486)
6.42
Vested
(522,371)
6.13
(413,822)
7.69
Unvested shares outstanding at end of year
938,491
$
9.14
1,148,775
$
6.61
(1)
For the year ended December 31, 2022, includes
27,529
 
shares of restricted stock awarded to independent directors and
299,666
 
shares of restricted stock awarded to employees, of
which
6,084
 
shares were granted to retirement-eligible employees and thus
 
charged to earnings as of the grant date. Includes for the
 
year ended December 31, 2021,
29,291
 
shares of
restricted stock awarded to independent directors and
295,069
 
shares of restricted stock awarded to employees, of which
19,804
 
shares were granted to retirement-eligible employees
and thus charged to earnings as of the grant date.
The following table
 
summarizes the performance
 
units activity under
 
the Omnibus Plan
 
during the years
 
ended December 31, 2022
and 2021:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Ended
Year
 
Ended
(Number of units)
December 31,
 
2022
December 31,
 
2021
Performance units at beginning of year
814,899
1,006,768
Additions
166,669
160,485
Vested
(1)
(189,645)
(304,408)
Forfeited
-
(47,946)
Performance units as of December 31, 2022
791,923
814,899
(1)
Units vested during 2022 are related to performance units granted in
 
2019 that met the pre-established target and were
 
settled with shares of common stock reissued from treasury shares.
Units vested during 2021 are related to performance units granted in
 
2018 that met the pre-established target and were
 
settled with new shares of common stock.