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Stock and Incentive Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

The following tables summarize the Stock Plan activity for the period presented:

 

 

Three Months Ended September 30, 2025

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

205,227

 

 

 

366,566

 

Granted

 

 

 

 

 

 

Released from restriction

 

 

 

 

 

(6,992

)

Forfeited

 

 

 

 

 

(1,337

)

Nonvested units, end of period

 

 

205,227

 

 

 

358,237

 

 

 

 

Nine Months Ended September 30, 2025

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

208,045

 

 

 

372,276

 

Granted

 

 

63,392

 

 

 

126,224

 

Adjustment for performance factor

 

 

47,415

 

 

 

 

Released from restriction

 

 

(105,951

)

 

 

(123,655

)

Forfeited

 

 

(7,674

)

 

 

(16,608

)

Nonvested units, end of period

 

 

205,227

 

 

 

358,237

 

 

Compensation Expense for Awards and Units Under Stock Plan

The following table presents information regarding compensation expense for units under the Stock Plan for the periods presented ($ in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Performance units

 

$

514

 

 

$

522

 

 

$

1,538

 

 

$

1,506

 

Time-vested units

 

 

779

 

 

 

808

 

 

 

3,413

 

 

 

3,440

 

Total compensation expense

 

$

1,293

 

 

$

1,330

 

 

$

4,951

 

 

$

4,946