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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Award Activity under Plan

The following is the activity under the Plan during 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum
Awarded
Service Units

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Maximum
Awarded
Performance
Units

 

 

Weighted
Average
Grant Date
Fair Value

 

Beginning balance - non-vested shares

 

 

193,015

 

 

$

16.69

 

 

 

137,369

 

 

$

15.85

 

Granted

 

 

105,891

 

 

 

10.63

 

 

 

102,750

 

 

 

14.16

 

Vested

 

 

(41,401

)

 

 

12.78

 

 

 

(30,635

)

 

 

14.35

 

Forfeited

 

 

(3,729

)

 

 

14.65

 

 

 

0

 

 

 

0.00

 

Ending balance - non-vested shares

 

 

253,776

 

 

$

14.97

 

 

 

209,484

 

 

$

15.01

 

 

The following is the activity under the Plan during 2022:

 

 

 

Maximum
Awarded
Service Units

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Maximum
Awarded
Performance
Units

 

 

Weighted
Average
Grant Date
Fair Value

 

Beginning balance - non-vested shares

 

 

99,564

 

 

$

16.13

 

 

 

158,988

 

 

$

14.40

 

Granted

 

 

132,268

 

 

 

16.63

 

 

 

56,724

 

 

 

17.25

 

Vested

 

 

(35,817

)

 

 

15.79

 

 

 

(65,481

)

 

 

17.48

 

Forfeited

 

 

(3,000

)

 

 

13.68

 

 

 

(12,862

)

 

 

14.74

 

Ending balance - non-vested shares

 

 

193,015

 

 

$

16.69

 

 

 

137,369

 

 

$

15.85