Stock Based Compensation (Tables)

9 Months Ended

Jun. 29, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Aggregate Non-vested Restricted Stock and Restricted Stock Units Granted and Performance Shares

The following table summarizes the status of Optex Systems Holdings’ aggregate non-vested restricted stock and restricted stock units and performance shares:

		Restricted Stock Units				Weighted Average Grant Date Fair Value				Restricted Shares				Weighted Average Grant Date Fair Value				Performance Shares				Weighted Average Grant Date Fair Value
Outstanding at October 1, 2023			39,000			$	3.06				120,000			$	2.20				135,000				2.37
Granted			40,500				7.17				-				-				-				-
Vested			(13,000	)			3.06				(60,000	)			2.20				(135,000	)			2.37
Forfeited			-				-				-				-				-				-
Outstanding at September 29, 2024			66,500			$	5.56				60,000			$	2.20				-				-
Granted			39,000				6.35				22,800				8.10				-				-
Vested			(23,000	)			5.17				(60,000	)			2.20				-				-
Forfeited			(7,500	)			5.19				-				-				-				-
Outstanding at June 29, 2025			75,000			$	6.13				22,800			$	8.10				-			$	-

Schedule of Assumptions and Results for the Monte Carlo Simulation for the Performance Shares

The assumptions and results for the Monte Carlo simulation employed for the performance shares are as follows:

		Assumptions
Performance Period Start			10/2/2023
Performance Period End			10/1/2028
Term of simulation ⁽¹⁾			5.42 years
Time steps in simulation			1,365
Time steps per year			252
Common share price at valuation date ⁽²⁾		$	3.04
Dividend yield ⁽³⁾			0.0	%
Volatility (annual) ⁽⁴⁾			50.0	%
Risk-free rate (annual) ⁽⁵⁾			3.37	%
Cost of equity ⁽⁶⁾			11.5	%

		Tranche 1				Tranche 2				Tranche 3				Tranche 4				Tranche 5
Number of performance shares in the Tranche ⁽¹⁾			27,000				27,000				27,000				27,000				27,000
Derived Service Period (Years) ⁽⁷⁾			0.71				1.13				1.60				2.06				2.48
Fair Value of One Performance share ⁽⁷⁾		$	2.75			$	2.58			$	2.39			$	2.18			$	1.93
Total Fair Value of Tranche		$	74,345			$	69,742			$	64,446			$	58,819			$	52,238

	(1)	Based on the terms of the Performance Shares agreement issued by the Company on May 3, 2023.
	(2)	Closing price of OPXS shares on the Valuation Date, as obtained via S&P Capital IQ.
	(3)	Expected dividends provided by management.
	(4)	Based on historical volatility of OPXS and comparable public companies.
	(5)	Interest rate for US Treasury commensurate with the Performance Shares holding period, as of the Valuation Date, as obtained via S&P Capital IQ.
	(6)	Estimated cost of equity for OPXS as of the Valuation Date.
	(7)	Based on Monte Carlo simulation.

Schedule of Unrecognized Compensation Costs

		Stock Compensation
		(thousands)
		Recognized Compensation Expense																Unrecognized Compensation Expense
		Three months ended								Nine months ended								As of period ended
		June 29, 2025				June 30, 2024				June 29, 2025				June 30, 2024				June 29, 2025				September 29, 2024

Restricted Shares		$	39			$	33			$	138			$	107			$	79			$	33
Performance Shares			-				33				-				212				-				-
Restricted Stock Units			44				24				109				41				391				284
Total Stock Compensation		$	83			$	90			$	247			$	360			$	470			$	317