The Company reserved 3,000,000 shares of common stock under the 2014 Stock Incentive Plan with a term of ten years expiring in April 2024. This plan provides for the issuance of various forms of stock incentives, including among others, incentive and non-qualified stock options and restricted shares. As of September 30, 2022, there were approximately 1,095,547 shares available for grant.

Stock-based compensation for the three and nine months ended September 30, 2022 and 2021 were as follows:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2022		2021		2022		2021
Pre – tax cost	$	678	$	572	$	2,108	$	1,696
After tax cost		529		446		1,644		1,323

The following is a summary of the changes in non-vested restricted shares for the nine months ended September 30, 2022:


		Weighted
		Average
		Grant-Date
	Shares	Fair Value
Non-vested shares at December 31, 2021	671,370	$	14.70
Granted	311,703		11.61
Vested	(193,403)		11.96
Forfeited	(25,500)		14.11
Non-vested shares at September 30, 2022	764,170	$	14.15

The total fair value of shares vested was approximately $2,241,000 during the nine months ended September 30, 2022 and approximately $3,174,000 during the nine months ended September 30, 2021.

For the nine months ended September 30, 2022, approximately $44,000 of excess tax benefit for stock-based compensation awards was recorded as a discrete tax adjustment and classified within Net cash provided by operating activities in the

accompanying Consolidated Statements of Cash Flows compared to approximately $323,000 for the nine months ended September 30, 2021.