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Stock and Incentive Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

The following tables summarize the Stock Plan activity for the periods presented:

 

 

Three Months Ended September 30, 2023

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

174,214

 

 

 

364,198

 

Granted

 

 

 

 

 

 

Released from restriction

 

 

 

 

 

(1,500

)

Forfeited

 

 

 

 

 

(688

)

Nonvested units, end of period

 

 

174,214

 

 

 

362,010

 

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

148,416

 

 

 

312,978

 

Granted

 

 

70,666

 

 

 

145,003

 

Released from restriction

 

 

(39,943

)

 

 

(89,041

)

Forfeited

 

 

(4,925

)

 

 

(6,930

)

Nonvested units, end of period

 

 

174,214

 

 

 

362,010

 

 

Compensation Expense for Awards and Units Under Stock Plan

The following table presents information regarding compensation expense for units under the Stock Plan for the periods presented ($ in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Performance units

 

$

449

 

 

$

381

 

 

$

1,181

 

 

$

916

 

Time-vested units

 

 

1,045

 

 

 

848

 

 

 

3,591

 

 

 

2,798

 

Total compensation expense

 

$

1,494

 

 

$

1,229

 

 

$

4,772

 

 

$

3,714