XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Share-Based Payments (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award The following is a summary of stock award activity for the three months ended March 31, 2022:
SharesWeighted Average
Grant-Date
Fair Value
Nonvested, January 1, 2022
138,093 $44.48 
Granted15,842 61.39 
Vested(18,969)46.49 
Forfeited— — 
Nonvested, March 31, 2022
134,966 $46.18 
The grant date fair value of stock performance awards granted during the three months ended March 31, 2022 and 2021 was determined using a Monte Carlo fair value simulation model incorporating the following assumptions:
20222021
Risk-free interest rate1.52 %0.18 %
Expected term (in years)3.003.00
Expected volatility32.00 %32.00 %
Dividend yield2.90 %3.60 %
The following is a summary of stock performance award activity for the three months ended March 31, 2022 (share amounts reflect awards at target):
 SharesWeighted Average
Grant-Date
Fair Value
Nonvested, January 1, 2022
189,600 $42.54 
Granted55,800 54.91 
Vested(55,600)43.30 
Forfeited— — 
Nonvested, March 31, 2022
189,800 $45.95