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


							At December 31, 2023
	Recognized Compensation Expense						Unrecognized		Weighted Average
	for Years Ended December 31,						Compensation		Life of Unrecognized
	2023		2022		2021		Expense		Compensation Expense
Performance awards	$	1,772	$	1,258	$	828	$	2,021		1.69
Time-based awards		4,383		3,625		4,773		3,005		1.58
Total	$	6,155	$	4,883	$	5,601	$	5,026

The following table summarizes Trustmark’s performance unit activity for the periods presented:


	Years Ended December 31,
	2023					2022					2021
				Weighted-					Weighted-					Weighted-
				Average					Average					Average
				Grant-Date					Grant-Date					Grant-Date
	Shares			Fair Value		Shares			Fair Value		Shares			Fair Value
Nonvested shares, beginning of year		148,416		$	31.63		140,821		$	31.80		145,042		$	32.43
Granted		70,666			29.78		60,773			32.64		53,273			30.02
Released from restriction		(39,943	)		31.98		(19,723	)		33.40		(44,536	)		31.88
Forfeited		(4,925	)		31.41		(33,455	)		33.11		(12,958	)		31.28
Nonvested shares, end of year		174,214		$	30.81		148,416		$	31.63		140,821		$	31.80

The following table summarizes Trustmark’s time-based unit activity for the periods presented:


	Years Ended December 31,
	2023					2022					2021
				Weighted-					Weighted-					Weighted-
				Average					Average					Average
				Grant-Date					Grant-Date					Grant-Date
	Shares			Fair Value		Shares			Fair Value		Shares			Fair Value
Nonvested shares, beginning of year		312,978		$	30.99		337,466		$	31.18		301,619		$	32.24
Granted		145,003			28.59		133,307			31.85		180,847			29.85
Released from restriction		(90,587	)		30.90		(148,905	)		32.16		(135,120	)		31.77
Forfeited		(9,142	)		30.72		(8,890	)		31.62		(9,880	)		31.19
Nonvested shares, end of year		358,252		$	30.04		312,978		$	30.99		337,466		$	31.18