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Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Roll-Forward of Outstanding Restricted Stock Grants Issued
The following table represents a roll-forward of outstanding restricted stock and related activity for the three months ended March 31, 2022:
SharesWeighted-Average
Grant Date Price
per Share
Outstanding restricted stock as of December 31, 2021201,170 $165.61 
Grants issued66,190 176.78 
Grants vested(2,337)147.66 
Grants forfeited(1,321)185.09 
Total outstanding restricted stock as of March 31, 2022263,702 $168.47 
Expense Recognition of Deferred Compensation The recognition of compensation expense related to deferred compensation over the remaining vesting periods is as follows:
Nine Months 
 Remaining In
      
20222023202420252026ThereafterTotal
$8,154,950 $9,186,423 $5,734,659 $1,311,147 $87,481 $1,638 $24,476,298 
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
The following table represents common shares issued as part of the Company's incentive compensation program during the three-month periods ended March 31, 2022, and 2021:
Shares IssuedGrant Date Value
March 31, 20222,743 $487,870 
March 31, 20213,681 $529,806