Annual report [Section 13 and 15(d), not S-K Item 405]

Accounting for Share-Based Payments (Tables)

v3.25.4
Accounting for Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Transactions Related to Stock Options
Transactions related to stock options for the year ended December 31, 2025 are summarized as follows:
Weighted
Average
Exercise
Price
Options
Outstanding
Weighted
Average
Contractual
Term
(in years)
Intrinsic
Value of
Options
Outstanding at December 31, 2024 $ 13.56  98,088  4.2 $  
Exercised 13.00  (32,000)
Canceled, forfeited, or expired 15.37  (23,421)
Outstanding at December 31, 2025 $ 13.00  42,667  4.1 $ 136,321 
Vested and expected to vest at December 31, 2025 $ —  —  $ — 
Exercisable options $ 13.00  42,667  4.1 $ 136,321 
Schedule of Transactions Related to Restricted Stock Awards
Transactions related to restricted stock awards for the year ended December 31, 2025 are summarized as follows:
Shares Weighted Average
Grant Date Fair Value
Nonvested at December 31, 2024 29,865  $ 9.49 
Granted 69,448  12.72 
Vested (11,590) 9.98 
Nonvested at December 31, 2025 87,723  $ 10.68 
Schedule of Performance- Based Units Activity
Transactions related to performance share units which have a performance and service condition for the year ended December 31, 2025 are as follows:

Shares Weighted Average
Grant Date Fair Value
Nonvested at December 31, 2024 —  $ — 
Granted 69,541  12.44 
Nonvested at December 31, 2025 69,541  $ 12.44 
The performance stock units are divided into tranches, each one vesting on the date the thirty-day volume-weighted average price of the Company's common stock meets or exceeds the price target are summarized in the table below:
Shares Volume Weighted Average Price Target
Tranche I 11,589  16.00 
Tranche II 11,588  19.00 
Transactions related to performance stock units which have a market condition for the year ended December 31, 2025 are as follows:
Units Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2024 184,767  $ 3.49 
Vested (11,590) 2.64 
Forfeited (150,000) 3.64 
Outstanding at December 31, 2025 23,177  $ 2.94