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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Restricted Stock Grants

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

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

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

 

 

212,309

 

 

$

24.14

 

 

 

181,195

 

 

$

24.98

 

 

 

160,520

 

 

$

25.20

 

Granted

 

 

99,116

 

 

 

20.18

 

 

 

84,899

 

 

 

22.71

 

 

 

73,726

 

 

 

25.58

 

Released from restriction

 

 

(40,888

)

 

 

32.84

 

 

 

(47,360

)

 

 

24.97

 

 

 

(38,580

)

 

 

25.40

 

Forfeited

 

 

(33,401

)

 

 

30.01

 

 

 

(6,425

)

 

 

24.97

 

 

 

(14,471

)

 

 

24.86

 

Nonvested shares, end of year

 

 

237,136

 

 

$

26.27

 

 

 

212,309

 

 

$

24.14

 

 

 

181,195

 

 

$

24.98

 

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

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

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

 

 

306,657

 

 

$

24.56

 

 

 

263,905

 

 

$

24.66

 

 

 

291,634

 

 

$

24.48

 

Granted

 

 

139,791

 

 

 

20.66

 

 

 

121,314

 

 

 

23.61

 

 

 

105,690

 

 

 

24.91

 

Released from restriction

 

 

(108,241

)

 

 

23.74

 

 

 

(67,087

)

 

 

24.31

 

 

 

(124,869

)

 

 

24.74

 

Forfeited

 

 

(16,151

)

 

 

22.24

 

 

 

(11,475

)

 

 

24.22

 

 

 

(8,550

)

 

 

24.77

 

Nonvested shares, end of year

 

 

322,056

 

 

$

22.65

 

 

 

306,657

 

 

$

24.56

 

 

 

263,905

 

 

$

24.66

 

 

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

 

 

 

2016

 

 

2015

 

 

2014

 

 

Expense

 

 

Expense

 

Performance awards

 

$

1,171

 

 

$

1,201

 

 

$

1,065

 

 

$

1,813

 

 

 

1.69

 

Time-vested awards

 

 

2,513

 

 

 

2,467

 

 

 

3,087

 

 

 

2,571

 

 

 

1.74

 

Total

 

$

3,684

 

 

$

3,668

 

 

$

4,152

 

 

$

4,384