Stock-based Compensation

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

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, 2026, the Company had 579,300 shares available for grant under the 2018 A&R Omnibus Plan.

The following awards were granted during the three months ended March 31, 2026 and 2025:

	Awards Granted				Average Grant Date Fair Value
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Employee Stock Awards - RSUs		131,991		142,721	$	65.89	$	84.83
Employee Stock Awards - PSAs		70,836		75,313	$	66.40	$	76.42
Cash-Settled RSUs		68,613		73,078	$	65.89	$	84.83
Total		271,440		291,112

The total stock-based compensation expense was $5.4 million and $4.0 million for the three months ended March 31, 2026 and 2025, respectively. The unrecognized compensation expense at March 31, 2026 was $36.2 million, which is expected to vest over the next 2.1 years.