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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Options and Cash-Settled SARs Activity

The following table summarizes information about stock options and cash-settled SARs activity for the nine months ended September 30, 2024 and 2023:

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Shares

 

 

Weighted Average Exercise Price

 

Options and SARs outstanding at beginning of period

 

 

371,994

 

 

$

56.15

 

 

 

414,778

 

 

$

55.13

 

Granted

 

 

1,667

 

 

 

71.50

 

 

 

5,000

 

 

 

69.00

 

Exercised

 

 

(14,557

)

 

 

51.60

 

 

 

(28,092

)

 

 

47.23

 

Forfeited or expired

 

 

(2,733

)

 

 

60.09

 

 

 

(5,167

)

 

 

60.35

 

Outstanding at end of period

 

 

356,371

 

 

$

56.38

 

 

 

386,519

 

 

$

55.82

 

Options and SARs exercisable at September 30

 

 

218,872

 

 

$

52.41

 

 

 

181,906

 

 

$

48.72

 

Summary of Restricted Share Awards and Restricted Share Unit Awards Activity

A summary of restricted share awards activity for the nine months ended September 30, 2024 and 2023 is as follows:

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

Shares

 

 

Weighted Average Cost

 

 

Shares

 

 

Weighted Average Cost

 

Outstanding at beginning of period

 

 

301

 

 

$

66.70

 

 

 

1,075

 

 

$

64.03

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

301

 

 

$

66.70

 

 

 

1,075

 

 

$

64.03

 

A summary of restricted share unit awards activity for the nine months ended September 30, 2024 and 2023 is as follows:

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

Shares

 

 

Weighted Average Cost

 

 

Shares

 

 

Weighted Average Cost

 

Outstanding at beginning of period

 

 

14,458

 

 

$

69.00

 

 

 

 

 

$

 

Granted

 

 

13,957

 

 

 

71.59

 

 

 

14,833

 

 

 

69.00

 

Vested

 

 

(2,725

)

 

 

69.00

 

 

 

 

 

 

 

Forfeited

 

 

(1,208

)

 

 

69.78

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

24,482

 

 

$

70.44

 

 

 

14,833

 

 

$

69.00

 

Performance-based Vesting Restricted Stock Units [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Performance-Based Vesting Restricted Stock Units Activity

A summary of the PSUs activity for the nine months ended September 30, 2024 and 2023 is as follows:

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

Shares

 

 

Weighted Average Cost

 

 

Shares

 

 

Weighted Average Cost

 

Outstanding at beginning of period

 

 

1,107

 

 

$

67.85

 

 

 

 

 

$

 

Granted

 

 

 

 

 

 

 

 

1,107

 

 

 

67.85

 

Vested

 

 

(369

)

 

 

67.85

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

738

 

 

$

67.85

 

 

 

1,107

 

 

$

67.85

 

 

 

Grant Year

 

Grant Price

 

 

Applicable Performance Period

 

Period in which units to be settled

 

PSUs Outstanding

 

2023

 

$

67.85

 

 

2023-2025

 

2024-2026

 

 

738