Equity Incentive Plan |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Retirement Benefits [Abstract] | |
| Equity Incentive Plan | Note 9. Equity Incentive Plan
The Company has adopted the 2021 Equity Incentive Plan (the “Plan”). The Plan permits the grant of both options qualifying under Section 422 of the Internal Revenue Code (“incentive stock options”) and options not so qualifying, and the grant of stock appreciation rights, stock awards, incentive awards, performance units, and other equity-based awards. A total of shares had been authorized to be granted under the Plan. On May 30, 2024, shareholders approved an amendment to increase the number of shares authorized to be granted under the plan to shares. As of June 30, 2026, shares were available for grant. On January 31, 2025, shares were used from the incentive plan as an employee bonus. Stock based compensation expense related to this issuance was $. On January 16, 2026, shares were used from the incentive plan as an employee bonus. Stock based compensation expense related to this issuance was $. No other shares were issued during the six-month period June 30, 2026.
In January 2026, the Company approved a compensation adjustment for its Chief Executive Officer delivered in the form of limited partnership units of the OP (“OP Units”). The Company recognized stock-based compensation of $ million and $ million during the three- and six-months period June 30, 2026, respectively.
STRAWBERRY FIELDS REIT, INC. and Subsidiaries NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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