The Company’s 2023 Stock Incentive Plan (the "Plan”) provides for the grant of various forms of stock-based compensation awards that may be settled in, or based upon the value of, the Company’s common stock. The maximum number of shares available for issuance under the Plan is 120,000 shares. The restricted stock has voting rights and rights to dividends, which are paid upon the vest date. For further information on the Plan, refer to the Company’s Proxy Statement filed with the SEC on March 10, 2023 and the Company’s S-8 filed with the SEC on June 7, 2023.

Under the Plan, restricted stock awards ("RSAs") with a one-year vesting period were granted to non-employee directors as part of the 2024 and 2025 semi-annual retainer. In February 2025, the Company awarded 4,545 shares of restricted stock units ("RSUs") with a three year vesting period to employees designated in the incentive compensation plan. The RSAs and RSUs were valued at the closing stock price on the grant date. A summary of changes in the Company’s nonvested RSAs and RSUs under the Plan for the year ended December 31, 2025 follows:


	Shares			Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2025		4,961		$	30.98
RSAs granted		5,039			29.11
RSUs granted		4,545			28.57
Vested and released		(4,961	)		30.98
Nonvested at December 31, 2025		9,584		$	28.85

Expense for the awards is recorded over the respective vesting periods. Stock based compensation expense was $193 for the year ended December 31, 2025 and $128 for the year ended December 31, 2024. As of December 31, 2025, expense of $143 related to the non-vested RSAs and RSUs is expected to be recognized over the coming 12 months.