XML 66 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Expense

The expense and the related income tax benefit recognized in connection with the restricted stock units was as follows for the periods indicated:

						For the Year Ended December 31,
(In thousands)						2024						2023						2022
Expense						$	1,043					$	962					$	724
Income tax benefit						$	219					$	207					$	156
Fair value of grants vested						$	798					$	803					$	622

The expense and the related income tax benefit recognized in connection with the restricted stock awards was as follows for the periods indicated:

						For the Year Ended December 31,
(In thousands)						2024						2023						2022
Expense						$	1,193					$	1,225					$	1,053
Income tax benefit						$	251					$	263					$	226
Fair value of grants vested						$	1,235					$	1,187					$	1,014

The expense and the related income tax benefit recognized in connection with the MSPP awards was as follows for the periods indicated:

						For the Year Ended December 31,
(In thousands)						2024						2023						2022
Expense						$	50					$	93					$	124
Income tax benefit						$	11					$	20					$	27
Fair value of grants vested						$	109					$	129					$	87

The expense and the related tax benefit for the LTIP's performance-based share units was as follows for the periods indicated:

						For the Year Ended December 31,
(In thousands)						2024						2023						2022
Expense						$	481					$	332					$	457
Related income tax benefit						$	101					$	71					$	98
Fair value of grants vested						$	458					$	594					$	548

Compensation expense and the related tax benefit recognized in connection with the DCRP was as follows for the periods presented:

						For the Year Ended December 31,
(In thousands)						2024						2023						2022
Expense						$	151					$	188					$	169
Related income tax benefit						$	32					$	40					$	36
Fair value of grants vested						$	163					$	171					$	174

Summary of Nonvested Share Awards Activity

Restricted stock unit activity for the year ended December 31, 2024 was as follows:

(Dollars in thousands, except per unit data)						Number of Units						Weighted-Average Grant Date Fair Value per Unit						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value						Unrecognized Compensation
Nonvested at January 1, 2024						74,731						$	40.58
Granted						30,296						32.67
Vested						(19,330)						41.28
Forfeited						(2,275)						38.67
Nonvested at December 31, 2024						83,422						$	37.60					2.68						$	3,565					$	2,131

Restricted stock award activity, which includes awards issued to directors of the Company, for the year ended December 31, 2024 was as follows:

(Dollars in thousands, except per share data)						Number of Shares						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value						Unrecognized Compensation
Nonvested at January 1, 2024						28,534						$	37.76
Granted						37,923						32.35
Vested						(34,059)						36.27
Forfeited						(501)						32.30
Nonvested at December 31, 2024						31,897						$	33.03					1.9						$	1,363					$	708

MSPP award activity for the year ended December 31, 2024 was as follows:

(Dollars in thousands, except per share data)						Number of Shares						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value						Unrecognized Compensation
Nonvested at January 1, 2024						16,574						$	11.10
Granted						4,453						8.19
Vested						(8,999)						12.15
Forfeited						(1,397)						9.92
Nonvested at December 31, 2024						10,631						$	9.15					0.6						$	165					$	27

LTIP performance-based share unit activity for the year ended December 31, 2024 was as follows:

(Dollars in thousands, except per share data)						Number of Shares						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value						Unrecognized Compensation
Nonvested at January 1, 2024						73,082						$	39.92
Granted(1)						42,430						31.23
Vested						(9,764)						30.50
Forfeited(2)						(13,564)						39.87
Nonvested at December 31, 2024						92,184						$	34.88					1.6						$	3,215					$	691

(1)    Number of shares granted assumes payout at 200% of target.

(2) Forfeited shares consists of 5,270 shares forfeited due to payout at less than 200% of target.

DCRP award activity for the year ended December 31, 2024 was as follows:

(Dollars in thousands, except per award data)						Number of Deferred Stock Awards						Weighted-Average Grant Date Fair Value per Award						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value						Unrecognized Compensation
Nonvested at January 1, 2024						11,160						$	41.74
Granted						7,322						31.24
Vested						(4,619)						35.38
Forfeited						—						—
Nonvested at December 31, 2024						13,863						$	38.04					13.1						$	614					$	483

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration