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Stock and Incentive Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

The following table summarizes the Stock Plan activity for the period presented:

 

 

Three Months Ended March 31, 2024

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

174,214

 

 

 

358,252

 

Granted

 

 

89,928

 

 

 

139,226

 

Released from restriction

 

 

(54,973

)

 

 

(103,594

)

Forfeited

 

 

 

 

 

(2,334

)

Nonvested units, end of period

 

 

209,169

 

 

 

391,550

 

 

 

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 March 31,

 

 

 

2024

 

 

2023

 

Performance units

 

$

462

 

 

$

278

 

Time-vested units

 

 

1,776

 

 

 

1,437

 

Total compensation expense

 

$

2,238

 

 

$

1,715