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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Restricted Shares Activity | The following summarizes the changes to Peoples’ outstanding restricted common shares for the year ended December 31, 2024:
| Time-Based Vesting |  | Performance-Based Vesting
| Number of Common Shares | Weighted-Average Grant Date Fair Value |  | Number of Common Shares | Weighted-Average Grant Date Fair Value
Outstanding at January 1 | 142,419 |  | $ | 28.78 |  |  | 403,970 |  | $ | 31.21 |
Awarded | 29,692 |  | 30.73 |  |  | 283,712 |  | 27.92 |
Released | (21,101) |  | 31.65 |  |  | (72,825) |  | 31.49 |
Forfeited | (10,779) |  | 29.37 |  |  | (28,630) |  | 29.43 |
Outstanding at December 31 | 140,231 |  | $ | 28.72 |  |  | 586,227 |  | $ | 29.67 |
Summary of Stock-Based Compensation and Related Tax Benefit | The following summarizes the amount of stock-based compensation and related tax benefit recognized for the years ended December 31:
(Dollars in thousands) | 2024 | 2023 | 2022
Employee stock-based compensation expense: |  |  |
Restricted common share grant expense | $ | 6,815 |  | $ | 5,336 |  | $ | 3,707 |
Employee stock purchase plan expense | 158 |  | 140 |  | 112 |
Total employee stock-based compensation expense | 6,973 |  | 5,476 |  | 3,819 |
Non-employee director stock-based compensation expense | 492 |  | 548 |  | 506 |
Total stock-based compensation expense | 7,465 |  | 6,024 |  | 4,325 |
Recognized tax benefit | (1,740) |  | (1,402) |  | (1,007) |
Net expense recognized | $ | 5,725 |  | $ | 4,622 |  | $ | 3,318 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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