0000885508 2025-01-01 2025-12-31 0000885508 2024-01-01 2024-12-31 0000885508 2023-01-01 2023-12-31 0000885508 strs:UnvestedAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000885508 strs:FairValueMember ecd:PeoMember 2023-01-01 2023-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:PeoMember 2023-01-01 2023-12-31 0000885508 strs:VestedAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000885508 strs:VestedAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000885508 strs:UnvestedAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000885508 strs:FairValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000885508 strs:VestedAwardsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000885508 strs:UnvestedAwardsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000885508 strs:FairValueMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000885508 strs:VestedAwardsMember ecd:PeoMember 2025-01-01 2025-12-31 0000885508 strs:UnvestedAwardsMember ecd:PeoMember 2025-01-01 2025-12-31 0000885508 strs:FairValueMember ecd:PeoMember 2025-01-01 2025-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:PeoMember 2025-01-01 2025-12-31 0000885508 strs:FairValueMember ecd:PeoMember 2024-01-01 2024-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:PeoMember 2024-01-01 2024-12-31 0000885508 strs:VestedAwardsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000885508 strs:UnvestedAwardsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000885508 strs:FairValueMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000885508 strs:GrantDateFairValueasreportedMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000885508 strs:VestedAwardsMember ecd:PeoMember 2024-01-01 2024-12-31 0000885508 strs:UnvestedAwardsMember ecd:PeoMember 2024-01-01 2024-12-31 iso4217:USD PREM14A false 0000885508 Stratus Properties Inc. true <div style="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;"><div style="text-decoration: underline; letter-spacing: 0px; top: 0px;display:inline;">Equity Award Timing Practices</div>. </div></div></div><div style="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:ARIAL">The compensation committee generally approves equity awards to our NEOs under the Profit Plan or LTIP, or under our AIP in partial payment of earned bonuses, as described above. Awards are typically made at a meeting in February in advance of our fourth quarter earnings release, which typically is issued in late March. The compensation committee does not take material nonpublic information into account when determining the timing and terms of equity awards, and the company does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. The Company does not grant stock options. </div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> Profit Plan or LTIP true false Net Income (Loss) Attributable to Common Stockholders <div id="toc57844_52" style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold">Pay Versus Performance </div><div style="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:ARIAL">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. </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For further information concerning our <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">pay-for-performance</div></div> philosophy and how we align executive compensation with our performance, refer to “Executive Officer Compensation—Compensation Discussion and Analysis” on page 33. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td> <td style="vertical-align:bottom;width:7%"></td> <td style="width:25pt"></td> <td></td> <td></td> <td style="width:25pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:24pt"></td> <td></td> <td></td> <td style="width:24pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:25pt"></td> <td></td> <td></td> <td style="width:25pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:25pt"></td> <td></td> <td></td> <td style="width:25pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:23pt"></td> <td></td> <td></td> <td style="width:23pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:23pt"></td> <td></td> <td></td> <td style="width:23pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="4" style="vertical-align: bottom; white-space: nowrap; text-align: center; padding-bottom: 0.5pt;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: inline-block; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Year</div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Summary<br/> Compensation<br/> Table Total for<br/> PEO <div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(1)</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Compensation<br/> Actually Paid<br/> to PEO <div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(2)</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average<br/> Summary<br/> Compensation<br/> Table Total for<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-PEO-</div><br/> NEO <div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(3)</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Average<br/> Compensation<br/> Actually Paid<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">to Non-PEO-</div><br/> NEO <div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(4)</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Value of Initial<br/> Fixed $100<br/> Investment<br/> Based on<br/> Company<br/> Total<br/> Stockholder<br/> Return <div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(5)</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="4" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden159345795;display:inline;">Net Income</div><br/> (Loss)<br/> Attributable<br/> to Common<br/> Stockholders</div></div></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> </td> <td style="vertical-align:top">2025</td> <td style="white-space:nowrap;vertical-align:top"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,607,659</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,683,210</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$811,129</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$844,299</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$125.35</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$11,982,000</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> </td> <td style="vertical-align:top">2024</td> <td style="white-space:nowrap;vertical-align:top"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,751,376</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,287,433</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">787,252</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">674,698</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">107.62</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,956,000</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"> </td> <td style="vertical-align:top">2023</td> <td style="white-space:nowrap;vertical-align:top"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,386,781</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,901,890</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">697,721</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">996,976</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">149.61</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(14,807,000</td> <td style="white-space:nowrap;vertical-align:bottom">) </td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(1)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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. </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(2)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> 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. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:16pt"></td> <td></td> <td></td> <td style="width:16pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:15pt"></td> <td></td> <td></td> <td style="width:15pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:14pt"></td> <td></td> <td></td> <td style="width:14pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:20pt"></td> <td></td> <td></td> <td style="width:20pt"></td> <td style="vertical-align:bottom;width:5%"></td> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="8" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust Value of<br/> Current Year’s<br/> Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust For Incremental</div></div><br/> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Increase/(Decrease)</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> in<br/> Value of All Other<br/> Outstanding Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="4" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">SCT Total</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Subtract</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Grant</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Date Fair</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value as</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">reported</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">in SCT</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Add</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Fair<br/> Value at</div></div></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Unvested</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Awards as<br/> of 12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Vested<br/> Awards<br/> during Year</div></div></td> <td style="vertical-align:bottom">  </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">CAP</div></div></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2025</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,607,659</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(344,470</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$417,298</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$45,931</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(43,208</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,683,210</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2024</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,751,376</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(587,923</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">519,373</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(189,208</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(206,185</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,287,433</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2023</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,386,781</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$540,360</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(25,251</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,901,890</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(3)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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. </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(4)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> 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. </div></td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:16pt"></td> <td></td> <td></td> <td style="width:16pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:15pt"></td> <td></td> <td></td> <td style="width:15pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:14pt"></td> <td></td> <td></td> <td style="width:14pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:20pt"></td> <td></td> <td></td> <td style="width:20pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="8" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust Value of<br/> Current Year’s Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust For Incremental</div></div><br/> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Increase/(Decrease)</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> in<br/> Value of All Other<br/> Outstanding Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="4" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">SCT Total</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Subtract</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Grant</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Date Fair</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value as</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">reported</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">in SCT</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Add</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Fair</div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value at</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Unvested</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Awards as</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">of 12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Vested<br/> Awards<br/> during Year</div></div></td> <td style="vertical-align:bottom">  </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">CAP</div></div></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2025</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$811,129</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(133,552</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$161,788</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$11,908</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(6,974</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$844,299</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2024</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">787,252</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(178,248</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">157,465</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(45,911</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(45,860</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">674,698</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2023</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">697,721</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">300,464</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,209</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">996,976</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(5)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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. </div></td></tr></table> 1607659 1683210 811129 844299 125.35 11982000 1751376 1287433 787252 674698 107.62 1956000 1386781 1901890 697721 996976 149.61 -14807000 William H. Armstrong <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(2)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> 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. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:16pt"></td> <td></td> <td></td> <td style="width:16pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:15pt"></td> <td></td> <td></td> <td style="width:15pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:14pt"></td> <td></td> <td></td> <td style="width:14pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:3%"></td> <td style="width:20pt"></td> <td></td> <td></td> <td style="width:20pt"></td> <td style="vertical-align:bottom;width:5%"></td> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="8" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust Value of<br/> Current Year’s<br/> Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust For Incremental</div></div><br/> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Increase/(Decrease)</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> in<br/> Value of All Other<br/> Outstanding Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="4" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">SCT Total</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Subtract</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Grant</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Date Fair</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value as</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">reported</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">in SCT</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Add</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Fair<br/> Value at</div></div></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Unvested</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Awards as<br/> of 12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Vested<br/> Awards<br/> during Year</div></div></td> <td style="vertical-align:bottom">  </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">CAP</div></div></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2025</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,607,659</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(344,470</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$417,298</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$45,931</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(43,208</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$1,683,210</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2024</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,751,376</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(587,923</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">519,373</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(189,208</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(206,185</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,287,433</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2023</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,386,781</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$540,360</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(25,251</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,901,890</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr></table> 1607659 -344470 417298 45931 -43208 1683210 1751376 -587923 519373 -189208 -206185 1287433 1386781 0 0 540360 -25251 1901890 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:5.8px">(4)</div></td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: left; line-height: normal;">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 <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> 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. </div></td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:16pt"></td> <td></td> <td></td> <td style="width:16pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:15pt"></td> <td></td> <td></td> <td style="width:15pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:14pt"></td> <td></td> <td></td> <td style="width:14pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:17pt"></td> <td></td> <td></td> <td style="width:17pt"></td> <td style="vertical-align:bottom;width:4%"></td> <td style="width:20pt"></td> <td></td> <td></td> <td style="width:20pt"></td> <td style="vertical-align:bottom;width:6%"></td> <td style="width:7pt"></td> <td></td> <td></td> <td style="width:7pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="8" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust Value of<br/> Current Year’s Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="9" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Adjust For Incremental</div></div><br/> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Increase/(Decrease)</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> in<br/> Value of All Other<br/> Outstanding Equity<br/> Award Grants</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="4" style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">SCT Total</div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Subtract</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Grant</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Date Fair</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value as</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">reported</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">in SCT</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Add</div></div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Fair</div></div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Value at</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Unvested</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">Awards as</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 7pt; font-family: ARIAL; font-weight: bold; text-align: center; line-height: normal;">of 12/31</div></td> <td style="vertical-align:bottom"> </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Vested<br/> Awards<br/> during Year</div></div></td> <td style="vertical-align:bottom">  </td> <td colspan="4" style="vertical-align:bottom;white-space:nowrap;text-align:center"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">CAP</div></div></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2025</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$811,129</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(133,552</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$161,788</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$11,908</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$(6,974</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">$844,299</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2024</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">787,252</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(178,248</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">157,465</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(45,911</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(45,860</td> <td style="white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">674,698</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr> <tr style="font-size:1pt;background-color:#d8d8d8"> <td colspan="4" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td> <td colspan="5" style="height:3pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#d8d8d8"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">2023</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">697,721</td> <td style="white-space:nowrap;vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">300,464</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">(1,209</td> <td style="white-space:nowrap;vertical-align:bottom">)</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">996,976</td> <td style="white-space:nowrap;vertical-align:bottom"></td></tr></table> 811129 -133552 161788 11908 -6974 844299 787252 -178248 157465 -45911 -45860 674698 697721 0 0 300464 -1209 996976