Equity Plan Awards (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period |
The below tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2025, 2024 and 2023. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Stock-Based
Compensation |
|
|
Unamortized
Stock-Based
Compensation |
|
|
Remaining
Weighted
Average
Period
(years) |
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Options |
|
$ |
229 |
|
|
$ |
274 |
|
|
|
1.1 |
|
Restricted Stock |
|
|
1,223 |
|
|
|
931 |
|
|
|
2.5 |
|
Unrestricted Stock |
|
|
597 |
|
|
|
233 |
|
|
|
0.4 |
|
Performance-Based Restricted Stock |
|
|
(33 |
) |
|
|
278 |
|
|
|
2.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
2,016 |
|
|
$ |
1,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
Options |
|
$ |
314 |
|
|
$ |
686 |
|
|
|
2.1 |
|
Restricted Stock |
|
|
2,499 |
|
|
|
2,595 |
|
|
|
2.1 |
|
Unrestricted Stock |
|
|
596 |
|
|
|
270 |
|
|
|
0.4 |
|
Performance-Based Restricted Stock |
|
|
1,003 |
|
|
|
909 |
|
|
|
2.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
4,412 |
|
|
$ |
4,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock |
|
$ |
4,830 |
|
|
$ |
6,593 |
|
|
|
1.8 |
|
Unrestricted Stock |
|
|
520 |
|
|
|
217 |
|
|
|
0.4 |
|
Performance-Based Restricted Stock |
|
|
788 |
|
|
|
2,500 |
|
|
|
1.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
6,138 |
|
|
$ |
9,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Option Activity |
Activity of the incentive stock option plans:
|
|
|
|
|
|
|
|
|
| |
|
Number of
Shares |
|
|
Weighted Average
Exercise Price Per
Share |
|
Balance outstanding, January 1, 2023 |
|
|
68,896 |
|
|
$ |
11.49 |
|
Options exercised |
|
|
(4,024 |
) |
|
|
11.49 |
|
|
|
|
|
|
|
|
|
|
Balance outstanding, December 31, 2023 |
|
|
64,872 |
|
|
$ |
11.49 |
|
Options granted |
|
|
253,853 |
|
|
|
10.28 |
|
Options exercised |
|
|
— |
|
|
|
— |
|
Options expired |
|
|
(64,872 |
) |
|
|
11.49 |
|
|
|
|
|
|
|
|
|
|
Balance outstanding, December 31, 2024 |
|
|
253,853 |
|
|
$ |
10.28 |
|
Options granted |
|
|
— |
|
|
|
— |
|
Options exercised |
|
|
— |
|
|
|
— |
|
Options expired |
|
|
(51,782 |
) |
|
|
10.28 |
|
|
|
|
|
|
|
|
|
|
Balance outstanding, December 31, 2025 |
|
|
202,071 |
|
|
$ |
10.28 |
|
|
|
|
|
|
|
|
|
|
|
| Performance Based Stock Options |
|
| Summary of Option Activity |
Activity of the performance incentive stock option plan:
|
|
|
|
|
|
|
|
|
| |
|
Number of
Shares |
|
|
Weighted
Average Exercise
Price Per
Share |
|
Balance outstanding, January 1, 2023 |
|
|
81,808 |
|
|
$ |
11.49 |
|
Options granted |
|
|
337,542 |
|
|
$ |
10.28 |
|
Options expired |
|
|
(81,808 |
) |
|
$ |
11.49 |
|
Options forfeited |
|
|
(166,884 |
) |
|
|
10.28 |
|
|
|
|
|
|
|
|
|
|
Balance outstanding, December 31, 2024 |
|
|
170,658 |
|
|
$ |
10.28 |
|
Options granted |
|
|
— |
|
|
|
— |
|
Options expired |
|
|
— |
|
|
|
— |
|
Options forfeited |
|
|
(15,705 |
) |
|
|
10.28 |
|
|
|
|
|
|
|
|
|
|
Balance outstanding, December 31, 2025 |
|
|
154,953 |
|
|
$ |
10.28 |
|
|
| Restricted and Unrestricted Stock |
|
| Summary of Non-Vested Shares |
A summary of nonvested restricted and unrestricted stock is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
Nonvested shares at January 1st |
|
|
431,225 |
|
|
$ |
17.20 |
|
|
|
686,185 |
|
|
$ |
21.24 |
|
|
|
742,050 |
|
|
$ |
18.86 |
|
Granted |
|
|
143,346 |
|
|
|
4.67 |
|
|
|
238,585 |
|
|
|
7.65 |
|
|
|
306,515 |
|
|
|
20.31 |
|
Vested |
|
|
(284,961 |
) |
|
|
13.42 |
|
|
|
(348,934 |
) |
|
|
17.65 |
|
|
|
(319,751 |
) |
|
|
14.90 |
|
Forfeited |
|
|
(29,105 |
) |
|
|
20.92 |
|
|
|
(144,611 |
) |
|
|
19.55 |
|
|
|
(42,629 |
) |
|
|
20.61 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonvested shares at December 31st |
|
|
260,505 |
|
|
$ |
14.03 |
|
|
|
431,225 |
|
|
$ |
17.20 |
|
|
|
686,185 |
|
|
$ |
21.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performance Based Restricted Stock |
|
| Summary of Non-Vested Shares |
A summary of nonvested performance-based stock is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
| |
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
|
Number
of Shares |
|
|
Weighted
Average
Grant
Date Fair
Value |
|
Nonvested shares at January 1st |
|
|
251,628 |
|
|
$ |
7.90 |
|
|
|
263,325 |
|
|
$ |
21.37 |
|
|
|
318,699 |
|
|
$ |
18.05 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
177,010 |
|
|
|
2.13 |
|
|
|
94,028 |
|
|
|
21.51 |
|
Change based on performance achievement |
|
|
(52,122 |
) |
|
|
16.29 |
|
|
|
(49,806 |
) |
|
|
19.81 |
|
|
|
(58,827 |
) |
|
|
14.73 |
|
Vested |
|
|
(990 |
) |
|
|
21.51 |
|
|
|
(80,570 |
) |
|
|
21.51 |
|
|
|
(86,188 |
) |
|
|
13.99 |
|
Forfeited |
|
|
(10,622 |
) |
|
|
21.98 |
|
|
|
(58,331 |
) |
|
|
22.23 |
|
|
|
(4,387 |
) |
|
|
17.67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonvested shares at December 31st |
|
|
187,894 |
|
|
$ |
4.70 |
|
|
|
251,628 |
|
|
$ |
7.90 |
|
|
|
263,325 |
|
|
$ |
21.37 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|