v3.26.1
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
SHARE-BASED COMPENSATION  
Ranges for the assumption of performance based restricted units

Expected volatility

62.8

%

Expected dividend yield

0%

Risk-free interest rate

4.2%
Summary of performance based restricted stock unit

 

 

Number of Units

 

 

Weighted Average Grant-Date

Fair Value per Unit(1)

 

PBRSUs outstanding at December 31, 2025

 

 

-

 

 

$-

 

Granted(2)

 

 

40,110

 

 

$16.64

 

Forfeited

 

 

(1,200)

 

$16.51

 

Vested

 

 

-

 

 

$-

 

PBRSUs outstanding at June 30, 2026

 

 

38,910

 

 

$16.65

 

Schedule of option activity

 

 

Number of Stock Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contract Term (Years)

 

Outstanding at December 31, 2025

 

 

104,200

 

 

$20.09

 

 

 

2.3

 

Expired/canceled

 

 

(16,000)

 

$27.66

 

 

 

 

 

Outstanding at June 30, 2026

 

 

88,200

 

 

$18.72

 

 

 

2.2

 

Exercisable at June 30, 2026

 

 

65,063

 

 

$19.74

 

 

 

1.8

 

Schedule of Nonvested RSUs

Nonvested Awards

 

Number of Awards

 

 

Weighted-Average Grant-Date Fair Value ($)

 

Nonvested at January 1, 2026

 

 

-

 

 

 

-

 

Granted

 

 

103,790

 

 

$12.24

 

Vested

 

 

-

 

 

 

-

 

Forfeited*

 

 

(10,830)

 

$12.04

 

Nonvested at June 30, 2026

 

 

92,960

 

 

$12.27

 

Schedule of Stock Option Activity

Nonvested Awards

 

Number of Awards

 

 

Weighted-Average Grant-Date Fair Value ($)

 

Nonvested at January 1, 2026

 

 

292,243

 

 

$13.61

 

Granted

 

 

11,731

 

 

$12.36

 

Vested

 

 

(38,901)

 

$15.18

 

Forfeited*

 

 

(24,693)

 

$15.92

 

Nonvested at June 30, 2026

 

 

240,380

 

 

$13.06