v3.26.1
Stock Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity of Stock Option Plans

The activity of the Plans during the six-month period ended June 30, 2026, is summarized as follows:

 

   Number of
Class A Shares		   Weighted Average Exercise Price (2)   Number of
Class C Shares		   Weighted Average Exercise Price (2) 
                 
Outstanding at December 31, 2025   760,838   $6.50    2,366,291   $7.16 
Adjustment for the effect of stock dividends   36,267         116,778      
Granted   7,500         -      
Exercised   (36,610)        (30,750)     
Cancelled   (6,598)        -      
Outstanding at June 30, 2026   761,397   $6.63    2,452,319   $7.22 
                     
As of June 30, 2026:                    
Options exercisable   625,419   $6.30    2,115,150   $7.07 
                     
As of June 30, 2026:                    
Available options for future grant   1,466,152         529,417      
                     
Weighted average contractual term of options outstanding at June 30, 2026   6.49 years         6.53 years      
                     
Weighted average contractual term of options exercisable at June 30, 2026   5.89 years         6.10 years      
                     
Aggregated intrinsic value of options outstanding at June 30, 2026 (1)  $2,109,231        $5,909,686      
                     
Aggregated intrinsic value of options exercisable at June 30, 2026 (1)  $1,961,826        $5,537,788      

 

 

(1) The Company used a stock price of $9.23 as of June 30, 2026 to derive intrinsic value.
(2) Adjusted for the effect of annual stock dividends.

 

 

SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

June 30, 2026 (Unaudited)

 

18) Stock Compensation Plans (Continued)

 

The activity of the Plans during the six-month period ended June 30, 2025, is summarized as follows:

 

   Number of
Class A Shares		   Weighted Average Exercise Price (2)   Number of
Class C Shares		   Weighted Average Exercise Price (2) 
                 
Outstanding at December 31, 2024   646,594   $5.63    1,724,400   $6.87 
Adjustment for the effect of stock dividends   27,898         80,571      
Granted   24,000         -      
Exercised   (112,735)        (113,023)     
Cancelled   76         -      
Outstanding at June 30, 2025   585,833   $5.93    1,691,948   $7.13 
                     
As of June 30, 2025:                    
Options exercisable   546,483   $5.48    1,526,948   $8.64 
                     
As of June 30, 2025:                    
Available options for future grant   2,156,404         678,550      
                     
Weighted average contractual term of options outstanding at June 30, 2025   5.30 years         6.39 years      
                     
Weighted average contractual term of options exercisable at June 30, 2025   4.99 years         6.11 years      
                     
Aggregated intrinsic value of options outstanding at June 30, 2025 (1)  $1,811,956        $3,200,152      
                     
Aggregated intrinsic value of options exercisable at June 30, 2025 (1)  $1,933,277        $3,780,038      

 

 

(1) The Company used a stock price of $9.02 as of June 30, 2025 to derive intrinsic value.
(2) Adjusted for the effect of annual stock dividends.
Schedule of Activity Restricted Stock Units

Activity of the RSUs during the six-month period ended June 30, 2026, is summarized as follows:

 

   Number of
Class A Shares		   Weighted Average Grant Date Fair Value 
Non-vested at December 31, 2025   17,568   $9.33 
Granted   -      
Vested   (6,706)     
Non-vested at June 30, 2026   10,862   $8.53 
           
Available RSUs for future grant   489,706      

 

Activity of the RSUs during the six-month period ended June 30, 2025, is summarized as follows:

 

   Number of
Class A Shares		   Weighted Average Grant Date Fair Value 
Non-vested at December 31, 2024   12,813   $12.90 
Granted   -      
Vested   (3,547)     
Non-vested at June 30, 2025   9,266   $13.08 
           
Available RSUs for future grant   504,187