Restricted Stock provides grantees with rights to shares of common stock upon completion of a service period or achievement of Company performance measures. During the restriction period, all shares are considered outstanding and dividends are paid to the grantee. Outside directors are periodically granted restricted shares which vest over a period of less than nine months. During 2021, executive officers were granted restricted shares which vest over a three year service period and restricted shares which vest based on meeting performance measures over a one year period. Beginning in 2018, certain non-executive officers also were granted restricted shares which vest over a three year service period. Vesting schedules were unchanged from the two prior years.

The following table presents the activity for Restricted Stock for the years ended December 31, 2021 and 2020:

	Twelve Months Ended
	December 31,
	2021					2020
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value
Nonvested, beginning of period		20,928		$	29.98		18,488		$	30.39
Granted		32,496			31.16		22,128			28.82
Vested		(21,261	)		30.70		(19,238	)		29.01
Forfeited		(425	)		31.05		(450	)		31.03
Nonvested, end of period		31,738		$	30.70		20,928		$	29.98

The Company recognizes compensation expense over the vesting period based on the fair value of the Company's stock on the grant date. Compensation expense was $850 thousand and $604 thousand during December 31, 2021 and 2020, respectively. The total grant date fair value of Restricted Stock which vested was $653 thousand and $558 thousand for the years ended December 31, 2021 and 2020, respectively. The total vest date fair value of Restricted Stock which vested was $690 thousand and $561 thousand for the years ended December 31, 2021 and 2020, respectively. Unrecognized compensation cost related to unvested Restricted Stock was $336 thousand at December 31, 2021. This amount is expected to be recognized over a weighted average period of two years. The Company's policy is to recognize forfeitures as they occur.