Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
Pay Versus Performance We are providing the following information in the format required by the SEC regarding compensation for our CEO (also referred to as our principal executive officer or “PEO”) and our CFO, who are our only named executive officers, or NEOs, included in our Summary Compensation Table (or “SCT”) for fiscal years 2023, 2024 and 2025 along with our “total stockholder return” (or “TSR”) as defined by the SEC and our reported net income attributable to common stockholders for those years. For further information concerning our philosophy and how we align executive compensation with our performance, refer to “Executive Officer Compensation—Compensation Discussion and Analysis” on page 33.
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Year |
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Summary Compensation Table Total for PEO (1) |
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Compensation Actually Paid to PEO (2) |
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Average Summary Compensation Table Total for Non-PEO- NEO (3) |
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Average Compensation Actually Paid to Non-PEO- NEO (4) |
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Value of Initial Fixed $100 Investment Based on Company Total Stockholder Return (5) |
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Net Income (Loss) Attributable to Common Stockholders |
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2025 |
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$1,607,659 |
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$1,683,210 |
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$811,129 |
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$844,299 |
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$125.35 |
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$11,982,000 |
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2024 |
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1,751,376 |
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1,287,433 |
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787,252 |
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674,698 |
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107.62 |
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1,956,000 |
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2023 |
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1,386,781 |
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1,901,890 |
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697,721 |
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996,976 |
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149.61 |
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(14,807,000 |
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(1) |
For each fiscal year included in the table, William H. Armstrong III served as our PEO. The amounts in this column are equal to the amounts in the “total” compensation column in the SCT for the PEO for each applicable year. |
(2) |
The amounts reported in this column represent the amount of “compensation actually paid,” or “CAP,” to Mr. Armstrong as defined by and computed in accordance with Item 402(v) of Regulation S-K. In accordance with the rule, the adjustments reflected in the table below were made to Mr. Armstrong’s total compensation for each year reflected in the SCT to determine the CAP values. The assumptions used to calculate the equity award fair values did not materially differ from those disclosed as of the grant date of such equity awards. |
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Adjust Value of
Current Year’s
Equity
Award Grants |
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in
Value of All Other
Outstanding Equity
Award Grants |
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Grant Date Fair Value as reported in SCT |
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12/31 |
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Unvested Awards as
of 12/31 |
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Vested
Awards
during Year |
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2025 |
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$1,607,659 |
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$(344,470 |
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$417,298 |
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$45,931 |
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$(43,208 |
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$1,683,210 |
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2024 |
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1,751,376 |
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(587,923 |
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519,373 |
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(189,208 |
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(206,185 |
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1,287,433 |
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2023 |
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1,386,781 |
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0 |
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0 |
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$540,360 |
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$ |
(25,251 |
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1,901,890 |
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(3) |
Our only other NEO (other than Mr. Armstrong) for each fiscal year included in the table was Erin D. Pickens, our CFO. The amounts in this column are equal to the amounts in the “total” compensation column in the SCT for Ms. Pickens for each applicable year. |
(4) |
The amounts reported in this column represent the amount of “compensation actually paid,” or “CAP,” to Ms. Pickens as defined by and computed in accordance with Item 402(v) of Regulation S-K. In accordance with the rule, the adjustments reflected in the table below were made to Ms. Pickens’ total compensation for each year reflected in the SCT to determine the CAP values. The assumptions used to calculate the equity award fair values did not materially differ from those disclosed as of the grant date of such equity awards. |
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Adjust Value of
Current Year’s Equity
Award Grants |
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in
Value of All Other
Outstanding Equity
Award Grants |
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Grant Date Fair Value as reported in SCT |
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Value at 12/31 |
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Unvested Awards as of 12/31 |
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Vested
Awards
during Year |
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2025 |
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$811,129 |
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$(133,552 |
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$161,788 |
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$11,908 |
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$(6,974 |
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$844,299 |
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2024 |
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787,252 |
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(178,248 |
) |
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157,465 |
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(45,911 |
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(45,860 |
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674,698 |
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2023 |
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697,721 |
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0 |
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0 |
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300,464 |
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(1,209 |
) |
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996,976 |
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(5) |
Reflects the cumulative total stockholder return on the Company’s Common Stock as measured by (i) the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period, divided by (ii) the share price at the beginning of the measurement period. The “measurement period” is the period beginning at the “measurement point” established by the market close on the last trading day before the earliest fiscal year in the table, through and including the end of the fiscal year for which the TSR is being calculated. The closing price at the measurement point is converted into a fixed investment of $100 in the Company’s Common Stock, and for each year, the amount in the table is the value of such fixed investment based on the cumulative TSR as of the end of that year. The closing price per share of our common stock on the last trading day in 2022 was $19.29, in 2023 was $28.86, in 2024 was $20.76, and in 2025 was $24.18. |
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| Company Selected Measure Name |
Net Income (Loss) Attributable to Common Stockholders
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| PEO Total Compensation Amount |
$ 1,607,659
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$ 1,751,376
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$ 1,386,781
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| PEO Actually Paid Compensation Amount |
$ 1,683,210
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1,287,433
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1,901,890
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| Adjustment To PEO Compensation, Footnote |
(2) |
The amounts reported in this column represent the amount of “compensation actually paid,” or “CAP,” to Mr. Armstrong as defined by and computed in accordance with Item 402(v) of Regulation S-K. In accordance with the rule, the adjustments reflected in the table below were made to Mr. Armstrong’s total compensation for each year reflected in the SCT to determine the CAP values. The assumptions used to calculate the equity award fair values did not materially differ from those disclosed as of the grant date of such equity awards. |
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Adjust Value of
Current Year’s
Equity
Award Grants |
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in
Value of All Other
Outstanding Equity
Award Grants |
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Grant Date Fair Value as reported in SCT |
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12/31 |
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Unvested Awards as
of 12/31 |
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Vested
Awards
during Year |
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2025 |
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$1,607,659 |
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$(344,470 |
) |
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$417,298 |
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$45,931 |
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$(43,208 |
) |
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$1,683,210 |
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2024 |
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1,751,376 |
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(587,923 |
) |
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519,373 |
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(189,208 |
) |
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(206,185 |
) |
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1,287,433 |
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2023 |
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1,386,781 |
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0 |
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0 |
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$540,360 |
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$ |
(25,251 |
) |
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1,901,890 |
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| Non-PEO NEO Average Total Compensation Amount |
$ 811,129
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787,252
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697,721
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 844,299
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674,698
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996,976
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| Adjustment to Non-PEO NEO Compensation Footnote |
(4) |
The amounts reported in this column represent the amount of “compensation actually paid,” or “CAP,” to Ms. Pickens as defined by and computed in accordance with Item 402(v) of Regulation S-K. In accordance with the rule, the adjustments reflected in the table below were made to Ms. Pickens’ total compensation for each year reflected in the SCT to determine the CAP values. The assumptions used to calculate the equity award fair values did not materially differ from those disclosed as of the grant date of such equity awards. |
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Adjust Value of
Current Year’s Equity
Award Grants |
|
in
Value of All Other
Outstanding Equity
Award Grants |
|
|
|
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|
Grant Date Fair Value as reported in SCT |
|
Value at 12/31 |
|
Unvested Awards as of 12/31 |
|
Vested
Awards
during Year |
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2025 |
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$811,129 |
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$(133,552 |
) |
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$161,788 |
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$11,908 |
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$(6,974 |
) |
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$844,299 |
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2024 |
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787,252 |
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(178,248 |
) |
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157,465 |
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(45,911 |
) |
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(45,860 |
) |
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674,698 |
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2023 |
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697,721 |
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0 |
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0 |
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300,464 |
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(1,209 |
) |
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996,976 |
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| Total Shareholder Return Amount |
$ 125.35
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107.62
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149.61
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| Net Income (Loss) |
$ 11,982,000
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1,956,000
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(14,807,000)
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| PEO Name |
William H. Armstrong
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| PEO | Grant DateFair Valueas reported [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (344,470)
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(587,923)
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0
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| PEO | Fair Value [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
417,298
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519,373
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0
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| PEO | Unvested Awards [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
45,931
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(189,208)
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540,360
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| PEO | Vested Awards [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(43,208)
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(206,185)
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(25,251)
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| Non-PEO NEO | Grant DateFair Valueas reported [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(133,552)
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(178,248)
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0
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| Non-PEO NEO | Fair Value [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
161,788
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157,465
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0
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| Non-PEO NEO | Unvested Awards [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
11,908
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(45,911)
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300,464
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| Non-PEO NEO | Vested Awards [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (6,974)
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$ (45,860)
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$ (1,209)
|