Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of restricted stock award and unit activity
The following tables summarizes activity for the three months ended March 31, 2025 and 2024:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2025 167,014  $ 115.67  178,139  $ 92.06 
Granted 61,350  169.80  41,016  165.39 
Vested (40,011) 112.93  —  — 
Forfeited/canceled (1,288) 126.93  —  — 
Unvested shares as of March 31, 2025 187,065  $ 133.93  219,155  $ 105.78 
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2024 193,602  $ 83.89  255,578  $ 54.40 
Granted 69,436  152.54  58,346  156.00 
Vested (17,720) 75.96  —  — 
Forfeited/canceled (747) 99.88  —  — 
Unvested shares as of March 31, 2024 244,571  $ 103.91  313,924  $ 73.28 
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the three months ended March 31, 2025 and 2024:
Grant date March 1, 2024 March 1, 2025
Forecast period (years) 3 3
Risk-free interest rates 4.36% 3.99%
Implied equity volatility 46.70% 44.60%