Schedule of share-based compensation, stock options granted |
Stock options outstanding as of March 31, 2025 are presented below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stock Options Granted | Date | | Shares | | Forfeited | | Settlement | | Outstanding | | Strike Price | | Vesting Period | | Expiration | | | | | | | | | | | | | | | | January 17, 2024 | | 64,700 | | | (4,700) | | | — | | | 60,000 | | | $ | 20.85 | | | 3 years | | 10 years | January 17, 2024 | | 32,300 | | | (2,300) | | | — | | | 30,000 | | | 20.85 | | | 5 years | | 10 years | January 20, 2023 | | 59,500 | | | (6,700) | | | — | | | 52,800 | | | 27.77 | | | 3 years | | 10 years | January 20, 2023 | | 29,500 | | | (3,300) | | | — | | | 26,200 | | | 27.77 | | | 5 years | | 10 years | January 18, 2022 | | 156,000 | | | (6,700) | | | (73,300) | | | 76,000 | | | 24.10 | | | 3 years | | 10 years | January 18, 2022 | | 78,000 | | | (3,300) | | | — | | | 74,700 | | | 24.10 | | | 5 years | | 10 years | April 9, 2021 | | 156,500 | | | (6,700) | | | (82,400) | | | 67,400 | | | 24.23 | | | 3 years | | 10 years | April 9, 2021 | | 78,000 | | | (3,300) | | | — | | | 74,700 | | | 24.23 | | | 5 years | | 10 years | March 11, 2020 | | 119,300 | | | (2,500) | | | (63,800) | | | 53,000 | | | 25.34 | | | 3 years | | 10 years | March 11, 2020 | | 119,200 | | | (2,500) | | | — | | | 116,700 | | | 25.34 | | | 5 years | | 10 years | March 15, 2019 | | 120,900 | | | (24,300) | | | (34,125) | | | 62,475 | | | 28.01 | | | 3 years | | 10 years | March 15, 2019 | | 119,100 | | | (23,700) | | | (34,125) | | | 61,275 | | | 28.01 | | | 5 years | | 10 years | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | August 27, 2015 | | 58,125 | | | (26,250) | | | (28,875) | | | 3,000 | | | 28.02 | | | 5 years | | 10 years | | | 1,191,125 | | | (116,250) | | | (316,625) | | | 758,250 | | | $ | 25.05 | | | | | | A summary of stock option activity for the three months ended March 31, 2025 is presented below: | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | | | | Shares | | Weighted Average Exercise Price | | | | | Outstanding, beginning of year | | 1,087,300 | | | $ | 25.12 | | | | | | Granted | | — | | | — | | | | | | Settlement | | (281,050) | | | 25.34 | | | | | | Forfeited | | (48,000) | | | 25.04 | | | | | | | | | | | | | | | Outstanding, end of period | | 758,250 | | | $ | 25.05 | | | | | | | | | | | | | | | Exercisable, end of period | | 439,850 | | | $ | 25.73 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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