v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Time Based Restricted Stock Grant Activity

A summary of the Company’s time-based restricted stock grant activity is as follows:

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant-Date

 

Time-Based Restricted Stock Grants

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2024

 

 

78,670

 

 

$

4.41

 

Granted

 

 

22,268

 

 

$

5.07

 

Vested

 

 

(14,749

)

 

$

4.69

 

Forfeited

 

 

(375

)

 

$

4.32

 

Unvested at March 31, 2025

 

 

85,814

 

 

$

4.53

 

Summary of Performance Based Grant Activity

A summary of the Company’s performance-based restricted stock grant activity is as follows:

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant-Date

 

Performance-Based Restricted Stock Grants

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2024

 

 

62,410

 

 

$

4.65

 

Granted

 

 

23,726

 

 

$

5.08

 

Vested

 

 

(6,980

)

 

$

4.76

 

Unvested at March 31, 2025

 

 

79,156

 

 

$

4.77