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Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Roll-Forward of Outstanding Restricted Stock Grants Issued

The following table represents a roll-forward of outstanding restricted shares and related activity for the nine months ended September 30, 2025:

 

 

Shares

 

 

Weighted-Average
Grant Date Price
per Share

 

Outstanding Restricted Shares as of December 31, 2024

 

 

173,120

 

 

$

160.77

 

Grants issued

 

 

190,082

 

 

 

146.93

 

Grants vested

 

 

(79,686

)

 

 

158.13

 

Grants forfeited

 

 

(7,583

)

 

 

153.97

 

Outstanding Restricted Shares as of September 30, 2025

 

 

275,933

 

 

$

152.18

 

Expense Recognition of Deferred Compensation The recognition of compensation expense related to deferred compensation over the remaining vesting periods is as follows:

 

Three Months Remaining In

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

Thereafter

 

 

Total

 

$

3,517,421

 

 

$

11,554,267

 

 

$

8,179,887

 

 

$

4,887,532

 

 

$

3,745,972

 

 

$

877,461

 

 

$

32,762,540