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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Plan Activity

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

 

  

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

 

 

 

 

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

 

 

177,695

 

 

$

27.10

 

 

 

213,516

 

 

$

25.37

 

 

 

237,136

 

 

$

26.27

 

Granted

 

 

50,862

 

 

 

33.44

 

 

 

51,174

 

 

 

31.88

 

 

 

58,406

 

 

 

33.31

 

Released from restriction

 

 

(61,347

)

 

 

20.18

 

 

 

(55,351

)

 

 

25.32

 

 

 

(67,279

)

 

 

34.78

 

Forfeited

 

 

(17,296

)

 

 

20.18

 

 

 

(31,644

)

 

 

26.26

 

 

 

(14,747

)

 

 

28.42

 

Nonvested shares, end of year

 

 

149,914

 

 

$

32.88

 

 

 

177,695

 

 

$

27.10

 

 

 

213,516

 

 

$

25.37

 

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

 

  

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

 

 

 

 

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

 

 

321,870

 

 

$

28.48

 

 

 

320,357

 

 

$

25.40

 

 

 

322,056

 

 

$

22.65

 

Granted

 

 

113,673

 

 

 

33.42

 

 

 

118,325

 

 

 

31.96

 

 

 

105,524

 

 

 

33.79

 

Released from restriction

 

 

(124,598

)

 

 

21.64

 

 

 

(107,180

)

 

 

23.02

 

 

 

(101,289

)

 

 

25.35

 

Forfeited

 

 

(10,939

)

 

 

32.73

 

 

 

(9,632

)

 

 

29.30

 

 

 

(5,934

)

 

 

26.52

 

Nonvested shares, end of year

 

 

300,006

 

 

$

33.04

 

 

 

321,870

 

 

$

28.48

 

 

 

320,357

 

 

$

25.40

 

Compensation Expense for Awards Under Stock Plan

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2019

 

 

 

Recognized Compensation Expense

 

 

Unrecognized

 

 

Weighted Average

 

 

 

for Years Ended December 31,

 

 

Compensation

 

 

Life of Unrecognized

 

 

 

2019

 

 

2018

 

 

2017

 

 

Expense

 

 

Compensation Expense

 

Performance awards

 

$

1,524

 

 

$

861

 

 

$

1,387

 

 

$

1,914

 

 

 

1.59

 

Time-vested awards

 

 

3,263

 

 

 

3,009

 

 

 

2,922

 

 

 

3,726

 

 

 

1.73

 

Total

 

$

4,787

 

 

$

3,870

 

 

$

4,309

 

 

$

5,640