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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
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,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

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

 

 

237,136

 

 

$

26.27

 

 

 

212,309

 

 

$

24.14

 

 

 

181,195

 

 

$

24.98

 

Granted

 

 

58,406

 

 

 

33.31

 

 

 

99,116

 

 

 

20.18

 

 

 

84,899

 

 

 

22.71

 

Released from restriction

 

 

(67,279

)

 

 

34.78

 

 

 

(40,888

)

 

 

32.84

 

 

 

(47,360

)

 

 

24.97

 

Forfeited

 

 

(14,747

)

 

 

28.42

 

 

 

(33,401

)

 

 

30.01

 

 

 

(6,425

)

 

 

24.97

 

Nonvested shares, end of year

 

 

213,516

 

 

$

25.37

 

 

 

237,136

 

 

$

26.27

 

 

 

212,309

 

 

$

24.14

 

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

 

 

 

Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

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

 

 

322,056

 

 

$

22.65

 

 

 

306,657

 

 

$

24.56

 

 

 

263,905

 

 

$

24.66

 

Granted

 

 

105,524

 

 

 

33.79

 

 

 

139,791

 

 

 

20.66

 

 

 

121,314

 

 

 

23.61

 

Released from restriction

 

 

(101,289

)

 

 

25.35

 

 

 

(108,241

)

 

 

23.74

 

 

 

(67,087

)

 

 

24.31

 

Forfeited

 

 

(5,934

)

 

 

26.52

 

 

 

(16,151

)

 

 

22.24

 

 

 

(11,475

)

 

 

24.22

 

Nonvested shares, end of year

 

 

320,357

 

 

$

25.40

 

 

 

322,056

 

 

$

22.65

 

 

 

306,657

 

 

$

24.56

 

 

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

 

 

 

2017

 

 

2016

 

 

2015

 

 

Expense

 

 

Expense

 

Performance awards

 

$

1,387

 

 

$

1,171

 

 

$

1,201

 

 

$

1,783

 

 

 

1.66

 

Time-vested awards

 

 

2,922

 

 

 

2,513

 

 

 

2,467

 

 

 

3,058

 

 

 

1.80

 

Total

 

$

4,309

 

 

$

3,684

 

 

$

3,668

 

 

$

4,841