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Equity compensation awards may be granted to certain eligible employees or non-employee directors. A detailed description of the Company's employee stock plans is included in the Company's 2025 Annual Report on Form 10-K. 

The Company incurred $266 and $158 in the three months ended March 31, 2026 and 2025, respectively, in additional expense for employees who meet the thresholds of the stock plan's retirement provision.

The Company recognized $1,385 and $561 of compensation expense related to performance share unit awards in the three months ended March 31, 2026 and 2025, respectively. The unrecognized compensation expense calculated under the fair value method for performance share units that were, as of  March 31, 2026, expected to be earned through the requisite service period was approximately $4,450 and is expected to be recognized through 2029. For each tranche of the 2024 through 2026 grants, a Monte Carlo simulation has been used to account for the Total Shareholder Return ("TSR") market condition in the grant date fair value of the award. For the first tranche of the 2026 performance share grants, the fair value was $47.43 or $53.78 per share, depending on the grant date. For the second tranche of the 2025 performance share grants, the fair value was $50.45 per share. For the third tranche of the 2024 performance share grants, the fair value was $44.20 per share. 

A summary of restricted stock unit activity for the three months ended March 31, 2026 is as follows: 

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The Company recognized $1,152 and $1,589 of compensation expense related to the restricted stock unit awards in the three months ended  March 31, 2026 and 2025, respectively. The unrecognized compensation expense calculated under the fair value method for restricted shares that were, as of March 31, 2026, expected to be earned through the requisite service period was approximately $7,737 and is expected to be recognized through 2029.

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