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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Changes in Restricted Stock Units The following table summarizes information about the changes in restricted stock units for the nine-months ended September 30, 2023 and 2022.

 

 

 

For the Nine-Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

39,657

 

 

$

47.83

 

 

 

22,597

 

 

$

48.91

 

Grants

 

 

33,294

 

 

 

29.53

 

 

 

24,833

 

 

 

47.19

 

Vesting

 

 

(14,553

)

 

 

48.00

 

 

 

(7,425

)

 

 

48.91

 

Forfeited/expired

 

 

(2,888

)

 

 

47.87

 

 

 

(348

)

 

 

48.91

 

Balance at end of period

 

 

55,510

 

 

$

36.81

 

 

 

39,657

 

 

$

47.83

 

Schedule of Changes in Performance Stock Units

The following table summarizes information about the changes in PSUs as of and for the nine-months ended September 30, 2023 and 2022.

 

 

 

For the Nine-Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Performance-Based Restricted
Stock Units
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

47,082

 

 

$

48.00

 

 

 

22,597

 

 

$

48.91

 

Grants

 

 

33,294

 

 

 

29.53

 

 

 

24,833

 

 

 

47.19

 

Vesting

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(3,456

)

 

 

48.04

 

 

 

(348

)

 

 

48.91

 

Balance at end of period

 

 

76,920

 

 

$

40.01

 

 

 

47,082

 

 

$

48.00

 

 

Summary of Vested and Unvested Restricted Stock Outstanding

The following table summarizes information about vested and unvested restricted stock.

 

 

 

For the Nine-Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Restricted
Stock
Outstanding

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at beginning of period

 

 

24,813

 

 

$

36.21

 

 

 

46,598

 

 

$

35.75

 

Grants

 

 

25,190

 

 

 

27.79

 

 

 

15,425

 

 

 

40.89

 

Vesting

 

 

(17,682

)

 

 

38.54

 

 

 

(23,898

)

 

 

40.40

 

Forfeited/expired

 

 

(1,105

)

 

 

29.70

 

 

 

(200

)

 

 

29.70

 

Balance at end of period

 

 

31,216

 

 

$

28.25

 

 

 

37,925

 

 

$

34.94

 

Schedule of Analysis of Stock Option Activity An analysis of stock option activity for the nine-months ended September 30, 2023 is presented in the table and narrative below:​​​​​​​

 

 

 

Shares

 

 

Weighted-
Average Ex. Price

 

Outstanding, December 31, 2022

 

 

1,490,413

 

 

$

29.99

 

Granted

 

 

253,228

 

 

 

29.53

 

Exercised

 

 

(84,000

)

 

 

18.36

 

Cancelled

 

 

(50,535

)

 

 

42.90

 

Outstanding, September 30, 2023

 

 

1,609,106

 

 

 

30.12

 

Exercisable, September 30, 2023

 

 

938,924

 

 

$

24.96