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Stock and Incentive Compensation (Tables)
3 Months Ended
Mar. 31, 2025
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, 2025

 

 

 

Performance
Units

 

 

Time-Vested
Units

 

Nonvested units, beginning of period

 

 

208,045

 

 

 

372,276

 

Granted

 

 

63,392

 

 

 

104,794

 

Adjustment for performance factor

 

 

47,415

 

 

 

 

Released from restriction

 

 

(105,951

)

 

 

(91,051

)

Forfeited

 

 

(416

)

 

 

(2,462

)

Nonvested units, end of period

 

 

212,485

 

 

 

383,557

 

 

 

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,

 

 

 

2025

 

 

2024

 

Performance units

 

$

493

 

 

$

462

 

Time-vested units

 

 

1,978

 

 

 

1,776

 

Total compensation expense

 

$

2,471

 

 

$

2,238