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Stock Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
STOCK BASED COMPENSATION STOCK BASED COMPENSATION
During the six months ended June 30, 2026, the Company had the following activity related to stock based compensation:

Time-Vested Restricted Stock Awards

The Company made the following awards of time vested restricted stock:
DateShares GrantedPlanGrant Date Fair Value Per Share Vesting Period
2/19/2026142,0002023 Omnibus Incentive Plan$80.45 Ratably on February 27th of 2027, 2028, and 2029
4/10/2026810 2018 Non-Employee Director Stock Plan$80.32 Immediately upon grant date
4/15/2026630 2023 Omnibus Incentive Plan$79.58 Ratably over 3 years from grant date
5/15/2026270 2023 Omnibus Incentive Plan$76.79 Ratably over 3 years from grant date
5/19/202610,946 2018 Non-Employee Director Stock Plan$77.24 Immediately upon grant date
6/15/202640 2023 Omnibus Incentive Plan$82.99 Ratably over 3 years from grant date

Performance-Based Restricted Stock Awards

On February 19, 2026, the Company granted performance-based restricted stock awards to certain executive level employees. These performance-based restricted stock awards were issued from the 2023 Omnibus Incentive Plan and were determined to have a grant date fair value per share of $80.45. The number of shares to be vested is contingent upon the Company’s attainment of certain performance criteria to be measured at the end of a three-year performance period ending December 31, 2028. The awards will vest upon the earlier of the date on which it is determined if the performance goal is
achieved subsequent to the performance period, or March 15, 2029. Excluding the impact of any forfeitures, achievement of target performance will result in the issuance of 20,150 shares, while achievement of the maximum performance will result in the issuance of 40,300 shares.
On March 12, 2026, the performance-based restricted stock awards that were awarded on February 16, 2023 vested at 92% of the target shares awarded, or 11,206 shares, net of forfeitures.