Stock-Based Compensation |
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| Stock-Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation | 4. Stock-Based Compensation
During the six-month period ended June 30, 2025, no stock options were granted. As of June 30, 2025, there was $124,000 of total unrecognized compensation cost related to non-vested options granted in 2024 under the 2024 Equity Incentive Plan, which will be fully realized by December 31, 2025. Compensation costs related to stock options amounted to $124,000 and $175,000 during the six-month periods ended June 30, 2025 and 2024, respectively.
A summary of the Company’s stock option activity for the six-month period ended June 30, 2025 is as follows:
Intrinsic value represents the amount by which the market price of the stock on the measurement date exceeded the exercise price of the option. The market price was $25.78 per share as of June 30, 2025 and $27.21 per share as of December 31, 2024.
A summary of the Company’s restricted stock activity for the six-month periods ended June 30, 2025 and 2024 is as follows:
The expected future compensation expense relating to the 52,157 shares of non-vested restricted stock outstanding as of June 30, 2025 is $1,271,000. This cost will be recognized over the remaining vesting period of 4.50 years. Compensation costs related to restricted stock amounted to $233,000 and $207,000 during the six-month periods ended June 30, 2025 and 2024, respectively. |
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