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Stock and Incentive Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

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

 

 

Three Months Ended June 30, 2024

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

209,169

 

 

 

391,550

 

Granted

 

 

 

 

 

20,920

 

Released from restriction

 

 

 

 

 

(29,672

)

Forfeited

 

 

(1,124

)

 

 

(6,776

)

Nonvested units, end of period

 

 

208,045

 

 

 

376,022

 

 

 

 

 

Six Months Ended June 30, 2024

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

174,214

 

 

 

358,252

 

Granted

 

 

89,928

 

 

 

160,146

 

Released from restriction

 

 

(54,973

)

 

 

(133,266

)

Forfeited

 

 

(1,124

)

 

 

(9,110

)

Nonvested units, end of period

 

 

208,045

 

 

 

376,022

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Performance units

 

$

522

 

 

$

454

 

 

$

984

 

 

$

732

 

Time-vested units

 

 

856

 

 

 

1,109

 

 

 

2,632

 

 

 

2,546

 

Total compensation expense

 

$

1,378

 

 

$

1,563

 

 

$

3,616

 

 

$

3,278