Company: BOKF
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000875357-25-000013
Chunk: 78

Company: BOK FINANCIAL CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 78
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9,554 87,239 Granted183,809 $108.23 25,416 $103.79 Vested(139,859)76.80 (61,645)91.38 Forfeited(40,620)79.60 — — Non-vested at December 31, 2022492,884 51,010 Granted180,178 $97.56 7,275 $102.35 Vested(103,515)82.85 (6,894)77.36 Forfeited(30,557)95.17 — — Non-vested at December 31, 2023538,990 51,391 Granted236,834 $83.44 1,833 $81.79 Vested(116,962)73.12 (5,271)88.25 Forfeited(34,399)92.34 — — Non-vested at December 31, 2024624,463 47,953 Compensation expense recognized on non-vested restricted stock totaled $22.5 million for 2024, $14.8 million for 2023, and $9.0 million for 2022. Unrecognized compensation cost of non-vested restricted stock totaled $27.6 million at December 31, 2024. We expect to recognize compensation expense of $17.5 million in 2025, $9.2 million in 2026, and $943 thousand in 2027 on the non-vested shares of restricted stock. Vesting of 261,245 shares of non-vested restricted stock may be increased or decreased based on performance criteria defined in the Plan documents. The fair value of restricted shares vested totaled $10.0 million, $10.3 million, and $15.0 million during the years ended December 31, 2024, 2023, and 2022, respectively.Compensation expense recognized on non-vested restricted stock units totaled $148 thousand for 2024, $572 thousand for 2023, and $597 thousand for 2022. Compensation cost for restricted stock units is variable based on the current fair value of BOK Financial common shares. Unrecognized compensation cost of non-vested restricted stock units totaled $2.2 million at December 31, 2024