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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Shares Activity
The following table summarizes the changes to Peoples’ outstanding restricted common shares for the nine months ended September 30, 2025:
Time-Based VestingPerformance-Based Vesting
 Number of Common SharesWeighted-Average Grant Date Fair ValueNumber of Common SharesWeighted-Average Grant Date Fair Value
Outstanding at January 1, 2025140,231 $28.72 586,227 $29.67 
Awarded33,435 30.15 159,097 33.41 
Released(44,535)30.74 (141,821)32.21 
Forfeited(12,908)27.74 (38,763)29.80 
Outstanding at September 30, 2025
116,223 $28.46 564,740 $30.08 
Summary of Stock-Based Compensation Expense and Related Tax Benefit The following table summarizes the amount of stock-based compensation expense and related tax benefit recognized for each period:
Three Months EndedNine Months Ended
September 30,September 30,
(Dollars in thousands)2025202420252024
Employee stock-based compensation expense:
Stock grant expense$1,163 $1,335 $5,051 $5,638 
Employee stock purchase plan expense35 (24)106 115 
Total employee stock-based compensation expense1,198 1,311 $5,157 $5,753 
Non-employee director stock-based compensation expense131 115 $378 $376 
Total stock-based compensation expense1,329 1,426 $5,535 $6,129 
Recognized tax benefit(310)(332)(1,291)(1,428)
Net stock-based compensation expense$1,019 $1,094 $4,244 $4,701