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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Compensation  
Summary of weighted average assumptions for grant date fair value of each option award

    

2023

    

2022

 

Valuation assumptions:

Exercise price per share

$

74.73

$

74.73

Expected term (in years)

 

6.0

 

6.0

Expected share volatility

 

39.14

%  

 

37.07

%

Expected dividend yield

 

 

Risk free rate

 

4.12

%  

 

3.16

%

Summary of stock option activity

Weighted

Weighted

Aggregate

Number of

average

average

Intrinsic

    

shares

    

exercise price    

    

remaining term

    

Value

Balance at January 1, 2022

 

123,804

$

67.66

 

9.3

$

Granted

 

30,956

 

74.56

 

 

Exercised

 

 

 

 

Forfeited

 

(35,634)

 

71.87

 

  

 

Expired

 

(10,260)

 

72.80

 

 

Balance at December 31, 2022

 

108,866

$

67.69

 

7.2

$

Exercisable at December 31, 2022

 

 

 

 

Weighted

Weighted

Aggregate

Number of

average

average

Intrinsic

    

shares

    

exercise price

    

remaining term

    

Value

Balance at January 1, 2023

 

108,866

$

67.69

 

7.2

$

Granted

 

2,050

 

74.73

 

 

Exercised

 

(110,916)

 

74.73

 

 

Forfeited

 

 

 

  

 

Expired

 

 

 

 

Balance at December 31, 2023

 

$

 

$

Exercisable at December 31, 2023

 

 

 

 

Summary of restricted stock units outstanding

    

    

Weighted

Number

Average Grant

 

of shares

 

Date Fair Value

Non-vested at January 1, 2023

 

$

Granted

 

1,886,166

 

6.82

Exercised

 

 

Forfeited

 

 

Expired

 

 

Nonvested at December 31, 2023

 

1,886,166

$

6.82