Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.26.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Restricted Stock Award and Unit Activity
The following tables summarize activity for the three months ended March 31, 2026 and 2025:
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, 2026 143,666  $ 145.22  183,181  $ 113.44 
Granted(1)
64,627  207.92  109,133  126.49 
Vested (59,644) 137.05  (148,381) 58.39 
Forfeited/canceled(2)
(26,398) 180.52  (65,889) 178.95 
Unvested shares as of March 31, 2026 122,251  $ 174.73  78,044  $ 181.04 
_____________________
(1)    The table includes the impacts of performance share units granted in a prior year that vested higher than 100% of target due to the Company's absolute TSR performance and RTSR performance compared to peers.
(2)    The forfeited/canceled amounts include the forfeiture of unvested equity awards in connection with the departure of the Company’s Chief Executive Officer, totaling 25,806 restricted stock units and 64,216 performance vesting restricted stock units.

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  $ 111.29  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  $ 130.02  219,155  $ 105.78 
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, 2026 and 2025:
Grant date March 1, 2025 March 1, 2026
Forecast period (years) 3 3
Risk-free interest rates 3.99% 3.39%
Implied equity volatility 44.60% 43.20%