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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary Of Stock And Incentive Plans Vesting Periods And Contractual Terms

The following table summarizes the vesting periods for awards granted under the Plan (in years):

 

 

 

Vesting Period

 

Performance awards (includes achievement shares for grants after 2013)

 

 

3

 

Achievement shares from performance grants prior to 2013

 

 

3

 

Time-vested awards

 

 

3

 

 

Restricted Stock Grants

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

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

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

 

 

181,195

 

 

$

24.98

 

 

 

160,520

 

 

$

25.20

 

 

 

159,583

 

 

$

24.26

 

Granted

 

 

84,899

 

 

 

22.71

 

 

 

73,726

 

 

 

25.58

 

 

 

62,119

 

 

 

23.65

 

Released from restriction

 

 

(47,360

)

 

 

24.97

 

 

 

(38,580

)

 

 

25.40

 

 

 

(54,784

)

 

 

24.15

 

Forfeited

 

 

(6,425

)

 

 

24.97

 

 

 

(14,471

)

 

 

24.86

 

 

 

(6,398

)

 

 

25.42

 

Nonvested shares, end of year

 

 

212,309

 

 

$

24.14

 

 

 

181,195

 

 

$

24.98

 

 

 

160,520

 

 

$

25.20

 

 

The following table summarizes Trustmark’s time-vested award activity for the periods presented:

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

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

 

 

263,905

 

 

$

24.66

 

 

 

291,634

 

 

$

24.48

 

 

 

317,573

 

 

$

23.28

 

Granted

 

 

121,314

 

 

 

23.61

 

 

 

105,690

 

 

 

24.91

 

 

 

112,964

 

 

 

24.47

 

Released from restriction

 

 

(67,087

)

 

 

24.31

 

 

 

(124,869

)

 

 

24.74

 

 

 

(122,727

)

 

 

24.40

 

Forfeited

 

 

(11,475

)

 

 

24.22

 

 

 

(8,550

)

 

 

24.77

 

 

 

(16,176

)

 

 

25.14

 

Nonvested shares, end of year

 

 

306,657

 

 

$

24.56

 

 

 

263,905

 

 

$

24.66

 

 

 

291,634

 

 

$

24.48

 

 

Compensation Expense for Stock and Incentive Plans

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Life

 

 

 

Recognized Compensation Expense

 

 

Unrecognized

 

 

of Unrecognized

 

 

 

for Years Ended December 31,

 

 

Compensation

 

 

Compensation

 

 

 

2015

 

 

2014

 

 

2013

 

 

Expense

 

 

Expense

 

Performance awards

 

$

1,201

 

 

$

1,065

 

 

$

825

 

 

$

1,271

 

 

 

1.71

 

Time-vested awards

 

 

2,467

 

 

 

3,087

 

 

 

2,774

 

 

 

2,781

 

 

 

1.78

 

Total

 

$

3,668

 

 

$

4,152

 

 

$

3,599

 

 

$

4,052