| Summary of Phantom Stock Option Activity and Related Information |
A summary of the Company’s phantom stock option activity and related information for the Plan for the three and nine months ended March 31, 2026 and 2025 were as follows:
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| | | |
| | | |
| | | |
| | | |
| |
| Three months ended March 31, |
|
| Nine months ended March 31, |
|
| |
| |
2026
| |
| |
2025
| |
| |
2026
| |
| |
2025
| |
|
Number of options outstanding, beginning of period
|
| | 1,868,995 | |
| | 1,873,590 | |
| | 1,871,590 | |
| | 2,253,535 | |
|
Options granted
|
| | - | |
| | - | |
| | 634,405 | |
| | 651,595 | |
|
Options forfeited
|
| | - | |
| | - | |
| | - | |
| | (12,000 | ) |
|
Options paid in cash upon vesting
|
| | (44,200 | ) |
| | - | |
| | (681,200 | ) |
| | (1,019,540 | ) |
|
Number of options outstanding, end of period
|
| | 1,824,795 | |
| | 1,873,590 | |
| | 1,824,795 | |
| | 1,873,590 | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| Three months ended March 31, |
|
| Nine months ended March 31, |
|
|
(In thousands)
|
| |
2026
| |
| |
2025
| |
| |
2026
| |
| |
2025
| |
|
Cash paid out on options vested
|
| $ |
118 | |
| $ |
- | |
| $ |
3,034 | |
| $ |
4,249 | |
|
Compensation expense recognized
|
| $ |
948 | |
| $ |
809 | |
| $ |
2,418 | |
| $ |
2,053 | |
|