Note 7 - Share-Based Compensation |
3 Months Ended | ||
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Mar. 31, 2026 | |||
| Notes to Financial Statements | |||
| Share-Based Payment Arrangement [Text Block] |
Stock Options
For the three months ended March 31, 2026 and 2025, the Company recognized share-based compensation expense related to stock options of $0 and $2,237, respectively. For the three months ended March 31, 2026 and 2025, the tax benefit available from share-based compensation expense related to stock options was $0.
Restricted Stock Units
For the three months ended March 31, 2026 and 2025, the Company recognized share-based compensation expense related to restricted stock units of $0 and $24,590, respectively. For the three months ended March 31, 2026 and 2025, the tax benefit available from share-based compensation expense related to restricted stock units was and $6,148, respectively.
Phantom Stock Awards
The Corporation from time to time has awarded to its executives deferred compensation in the form of Phantom Stock Units ("PSUs"), which correspond to an equal number of shares of the Corporation's Common Stock ("SGRP Shares"). The number of PSUs received equals the dollar value of the incentive award divided by the per share market price of SGRP shares on the date of award. Each PSU represents the right of the grantee to receive cash payments based on the fair market value of SGRP Shares at the time of vesting, but not to receive SGRP Shares themselves. The number of the Grantee's PSUs will be automatically adjusted to reflect the specified events respecting the SGRP Shares as provided in the applicable Phantom Stock Agreement. The PSUs do not possess the rights of common stockholders of the Corporation, including any voting or dividend rights, and cannot be exercised or traded for SGRP Shares. Due to the cash settlement feature, the PSUs are classified as liabilities in accrued expenses and other current liabilities and other long-term liabilities in the condensed consolidated balance sheets.
During the three months ended March 31, 2026 and 2025, the Company recognized compensation expense of $11,969 and $52,727, respectively, related to the 2022 and 2023 Phantom Stock Awards. There are no remaining amounts owed reflected within accrued expenses and other current liabilities in the condensed consolidated balance sheets as of March 31, 2026.
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