Stock-based Compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

NOTE 10 – STOCK-BASED COMPENSATION

The Company’s 2018 Amended and Restated Omnibus Incentive Plan (the “2018 A&R Omnibus Plan”) allows the Company to grant up to 2,050,000 total shares of common stock to officers, key employees, and non-employee directors. As of March 31, 2025, the Company had approximately 794,760 shares available for grant under the 2018 A&R Omnibus Plan.

The following awards were granted during the three months ended March 31, 2025 and 2024:


	Awards Granted				Average Grant Date Fair Value
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2025		2024		2025		2024
Employee Stock Awards		218,034		110,754	$	81.93	$	156.16
Cash-Settled RSUs		73,078		34,064	$	84.83	$	152.59
Total		291,112		144,818

The total stock-based compensation expense was $4.0 million and $5.9 million for the three months ended March 31, 2025 and 2024, respectively. The unrecognized compensation expense at March 31, 2025 was $41.5 million, which is expected to vest over the next 2.1 years.