PAY VERSUS PERFORMANCE

Pay Versus Performance Table

The following table shows the total compensation for our NEOs for the past three fiscal years as set forth in the Summary Compensation Table and the “compensation actually paid” to our principal executive officers (“PEOs”) and, on an average basis, our other NEOs, in each case, as determined under SEC rules, our total shareholder return (“TSR”) based on a fixed $100 initial investment, and our net income:


	Summary Compensation Table Total for PEO						Compensation Actually Paid to PEO						Average Summary Compensation Table Total for Non-PEO NEOs		Average Compensation Actually Paid to Non-PEO NEOs		Value of Initial Fixed $100 Investment Based on: Total Shareholder Return		Company Net Income
Year	Liddell		Reininga		Werdein		Liddell		Reininga		Werdein
	($)(1)		($)(1)		($)(1)		($)(1)(2)		($)(1)(2)		($)(1)(2)		($)(3)		($)(3)		($)		($)
2025		1,152,747		—		—		1,203,023		—		—		478,396		509,976		173		7,269,000
2024		1,068,866		—		—		1,084,614		—		—		443,963		457,253		118		4,931,000
2023		568,257		165,680		395,645		568,257		43,602		392,907		252,540		226,038		97		4,820,000

(1)

For 2025 and 2024, our PEO was Mr. Liddell. For 2023, our PEOs were Mr. Liddell, Mr. Werdein (March 10, 2023 through April 19, 2023), and Mr. Reininga (January 1, 2023 through March 10, 2023).

(2)

SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay Versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. In general, “compensation actually paid” is calculated as Summary Compensation Table total compensation adjusted to include the change in fair value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date) and the pension value attributable to the applicable year’s service and any change in pension value attributable to plan amendments made in the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Liddell's respective 2025 total compensation to determine the 2025 compensation actually paid:


	2025
	Liddell
Total Compensation as reported in Summary Compensation Table (SCT)	$	1,152,747
Less: Fair value of equity awards reported in SCT		(98,754	)
Fair value of equity awards (restricted stock and stock options) granted in current year—value at end of year-end		124,375
Change in fair value from end of prior fiscal year to vesting date for equity awards made in prior fiscal years that vested during current fiscal year		943
Change in fair value from end of prior fiscal year to end of current fiscal year for equity awards made in prior fiscal years that were unvested at end of current fiscal year		23,711
Dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		—
Fair value of equity awards forfeited in current fiscal year determined at end of prior fiscal year		—
Compensation Actually Paid	$	1,203,023

(3)

In 2025 and 2024, the non-PEO NEOs included Jeffrey Werdein, Executive Vice President, Commercial Division, and Taylor Gilden, Chief Financial Officer and Treasurer. In 2023, the non-PEO NEOs included Taylor Gilden, Chief Financial Officer and Treasurer, and Rachel Foley, Chief Operating Officer. Mr. Gilden joined the Company on June 5, 2023 as the Chief Strategy Officer. On August 1, 2023, Mr. Gilden was appointed as the Chief Financial Officer and Treasurer of the Company. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the NEO’s total compensation to determine the compensation actually paid:


	2025
	Average Non-PEO NEOs
Total Compensation as reported in SCT	$	478,396
Less: Fair value of equity awards reported in SCT		(45,402	)
Fair value of equity awards granted in current year—value at end of year-end		57,181
Change in fair value from end of prior fiscal year to vesting date for equity awards made in prior fiscal years that vested during current fiscal year		4,390
Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		15,410
Dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		—
Fair value of equity awards forfeited in current fiscal year determined at end of prior fiscal year		—
Compensation Actually Paid	$	509,976

Named Executive Officers, Footnote

(1)

For 2025 and 2024, our PEO was Mr. Liddell. For 2023, our PEOs were Mr. Liddell, Mr. Werdein (March 10, 2023 through April 19, 2023), and Mr. Reininga (January 1, 2023 through March 10, 2023).

Adjustment To PEO Compensation, Footnote

(2)


	2025
	Liddell
Total Compensation as reported in Summary Compensation Table (SCT)	$	1,152,747
Less: Fair value of equity awards reported in SCT		(98,754	)
Fair value of equity awards (restricted stock and stock options) granted in current year—value at end of year-end		124,375
Change in fair value from end of prior fiscal year to vesting date for equity awards made in prior fiscal years that vested during current fiscal year		943
Change in fair value from end of prior fiscal year to end of current fiscal year for equity awards made in prior fiscal years that were unvested at end of current fiscal year		23,711
Dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		—
Fair value of equity awards forfeited in current fiscal year determined at end of prior fiscal year		—
Compensation Actually Paid	$	1,203,023

Non-PEO NEO Average Total Compensation Amount

$ 478,396

$ 443,963

$ 252,540

Non-PEO NEO Average Compensation Actually Paid Amount

$ 509,976

457,253

226,038

Adjustment to Non-PEO NEO Compensation Footnote

(3)


	2025
	Average Non-PEO NEOs
Total Compensation as reported in SCT	$	478,396
Less: Fair value of equity awards reported in SCT		(45,402	)
Fair value of equity awards granted in current year—value at end of year-end		57,181
Change in fair value from end of prior fiscal year to vesting date for equity awards made in prior fiscal years that vested during current fiscal year		4,390
Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		15,410
Dividends or other earnings paid on equity awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year		—
Fair value of equity awards forfeited in current fiscal year determined at end of prior fiscal year		—
Compensation Actually Paid	$	509,976