0001509470 2023-01-01 2023-12-31 0001509470 2022-01-01 2022-12-31 0001509470 2021-01-01 2021-12-31 0001509470 2020-01-01 2020-12-31 0001509470 SSSS:SCTStockAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0001509470 SSSS:FairValueOfStockAwardsGrantedInCoveredYearMember ecd:PeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfUnvestedStockAwardsFromPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfCancelledOptionAwardsFromPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfStockAwardsThatVestedInCoveredYearMember ecd:PeoMember 2023-01-01 2023-12-31 0001509470 SSSS:SCTStockAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001509470 SSSS:FairValueOfStockAwardsGrantedInCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfUnvestedStockAwardsFromPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfCancelledOptionAwardsFromPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001509470 SSSS:ChangeInFairValueOfStockAwardsThatVestedInCoveredYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001509470 1 2023-01-01 2023-12-31 0001509470 2 2023-01-01 2023-12-31 0001509470 3 2023-01-01 2023-12-31 0001509470 4 2023-01-01 2023-12-31 0001509470 5 2023-01-01 2023-12-31 0001509470 6 2023-01-01 2023-12-31 iso4217:USD shares iso4217:USD shares pure false 0001509470 DEF 14A SuRo Capital Corp. net asset value <table cellpadding="0" cellspacing="0" id="xdx_886_eecd--PvpTableTextBlock_zb3MgyvhDvab" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="display: none; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_486_eecd--PeoTotalCompAmt_zGNsNwuPDhue" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Summary Compensation Table Total for PEO⁽¹⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48E_eecd--PeoActuallyPaidCompAmt_zJDFYzlBBVh9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation Actually Paid to PEO⁽²⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48C_eecd--NonPeoNeoAvgTotalCompAmt_z2yrHpTPRYMh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Summary Compensation Table Total for Non-PEO NEOs⁽³⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48C_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zgj6fMBtrmgj" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Compensation Actually Paid to Non-PEO NEOs⁽²⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_488_eecd--TotalShareholderRtnAmt_pp2d_zZ2nm4UR3qFj" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total Shareholder Return⁽⁴⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48E_eecd--PeerGroupTotalShareholderRtnAmt_pp2d_zUKSkuWjt1bj" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Nasdaq Stock Index Total Shareholder Return</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48A_eus-gaap--NetIncomeLoss_zEzHwLjRxHm7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Net Increase/ (Decrease) in Net Assets Resulting from Operations⁽⁵⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48D_eecd--CoSelectedMeasureAmt_uUSDPShares_zQGoMtYMXaJf" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">NAV per Share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Value of Initial Fixed $100 Investment Based On:</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Summary Compensation Table Total for PEO⁽¹⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation Actually Paid to PEO⁽²⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Summary Compensation Table Total for Non-PEO NEOs⁽³⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Compensation Actually Paid to Non-PEO NEOs⁽²⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total Shareholder Return⁽⁴⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Nasdaq Stock Index Total Shareholder Return</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Net Increase/ (Decrease) in Net Assets Resulting from Operations⁽⁵⁾</b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">NAV per Share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_414_20230101__20231231_zOBkaJumffPl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; font-weight: bold; text-align: center">2023</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">2,976,409</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">3,000,039</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">1,232,474</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">1,231,442</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">115.13</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">167.30</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">5,066,822</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">7.99</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_41E_20220101__20221231_zZc8hNazdoWi" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: center">2022</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">4,353,439</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">643,964</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,518,079</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">935,248</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">111.04</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">116.65</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(132,177,053</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7.39</td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20210101__20211231_zPTc2QShibt4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: center">2021</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7,546,084</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7,363,821</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,625,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,570,025</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">373.93</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">174.36</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">147,071,721</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11.72</td><td style="text-align: left"> </td></tr> <tr id="xdx_41F_20200101__20201231_zTDOwU4n2Pka" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: center">2020</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">4,000,425</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,740,203</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,206,467</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">790,110</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">216.63</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">143.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">75,337,438</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">15.17</td><td style="text-align: left"> </td></tr> </table> 2976409 3000039 1232474 1231442 115.13 167.30 5066822 7.99 4353439 643964 1518079 935248 111.04 116.65 -132177053 7.39 7546084 7363821 1625652 1570025 373.93 174.36 147071721 11.72 4000425 1740203 1206467 790110 216.63 143.64 75337438 15.17 <p id="xdx_89E_eecd--NamedExecutiveOfficersFnTextBlock_dU_zEyCNTIVa8Pl" style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eecd--PeoName_c20230101__20231231_z3jpn7UGieD3"><span id="xdx_908_eecd--PeoName_c20220101__20221231_zDr7FChAZVR5"><span id="xdx_903_eecd--PeoName_c20210101__20211231_z8UEk5014KX2"><span id="xdx_908_eecd--PeoName_c20200101__20201231_zEpyUMOhySgc">Mr. Klein</span></span></span></span> was the sole PEO for each of 2023, 2022, 2021 and 2020.</span></td></tr></table> Mr. Klein Mr. Klein Mr. Klein Mr. Klein <p id="xdx_89B_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_zxsTPSuwHr33" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">“Compensation actually paid” (“CAP”) is a calculation that begins with the Summary Compensation Table (“SCT”) total compensation in the given year with certain adjustments prescribed by the SEC rules. The following table provides a reconciliation of SCT total compensation (the “SCT Total”) with CAP for 2023, computed through the addition to the SCT Total of the values provided in the columns labeled “SCT Stock Awards,” “Fair Value of Stock Awards Granted in the Covered Year,” “Change in Fair Value of Unvested Stock Awards from Prior Years,” “Change in Fair Value of Cancelled Option Awards from Prior Years,” and “Change in Fair Value of Stock Awards that Vested in the Covered Year”:</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Name</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SCT Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SCT Stock Awards</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Fair Value of Stock Awards Granted in the Covered Year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Change in Fair Value of Unvested Stock Awards from Prior Years</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Change in Fair Value of Cancelled Option Awards from Prior Years</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Change in Fair Value of Stock Awards that Vested in the Covered Year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Compensation Actually Paid</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%">PEO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">2023</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eecd--PeoTotalCompAmt_pp0p0_c20230101__20231231_zFlZ9o1sUry7" style="width: 5%; text-align: right" title="PEO Total Compensation Amount">2,976,409</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--SCTStockAwardsMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zSTsQ6XqT6M9" style="width: 5%; text-align: right" title="PEO Total Compensation Amount">(426,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--FairValueOfStockAwardsGrantedInCoveredYearMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zOsnQZIcho92" style="width: 5%; text-align: right" title="PEO Total Compensation Amount">394,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfUnvestedStockAwardsFromPriorYearsMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_z7I7KpJSehnc" style="width: 5%; text-align: right" title="PEO Total Compensation Amount">31,031</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfCancelledOptionAwardsFromPriorYearsMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_z1V406MzIRZ4" style="width: 5%; text-align: right" title="PEO Total Compensation Amount"><span style="-sec-ix-hidden: xdx2ixbrl0065">—</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfStockAwardsThatVestedInCoveredYearMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zk9sHw8vTBdc" style="width: 5%; text-align: right" title="PEO Total Compensation Amount">24,599</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eecd--PeoActuallyPaidCompAmt_pp0p0_c20230101__20231231_zYvqSm4zfWnf" style="width: 5%; text-align: right" title="PEO Actually Paid Compensation Amount">3,000,039</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Non-PEO NEO Average</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2023</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eecd--NonPeoNeoAvgTotalCompAmt_pp0p0_c20230101__20231231_zguyiHn8WBq8" style="text-align: right" title="Non-PEO NEO Average Total Compensation Amount">1,232,474</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--SCTStockAwardsMember__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_z6suOs6NRp24" style="text-align: right" title="PEO Total Compensation Amount">(106,500</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--FairValueOfStockAwardsGrantedInCoveredYearMember__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zFjnUz7d9fwb" style="text-align: right" title="PEO Total Compensation Amount">98,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfUnvestedStockAwardsFromPriorYearsMember__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zp4q6kVeF8Md" style="text-align: right" title="PEO Total Compensation Amount">5,908</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfCancelledOptionAwardsFromPriorYearsMember__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zpjGaYXUIkY6" style="text-align: right" title="PEO Total Compensation Amount"><span style="-sec-ix-hidden: xdx2ixbrl0079">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eecd--AdjToCompAmt_pp0p0_c20230101__20231231__ecd--AdjToCompAxis__custom--ChangeInFairValueOfStockAwardsThatVestedInCoveredYearMember__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember_zon4N29XuLbf" style="text-align: right" title="PEO Total Compensation Amount">1,061</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eecd--NonPeoNeoAvgCompActuallyPaidAmt_pp0p0_c20230101__20231231_zXKmTmjPU3k7" style="text-align: right" title="Non-PEO NEO Average Compensation Actually Paid Amount">1,231,442</td><td style="text-align: left"> </td></tr> </table> 2976409 -426000 394000 31031 24599 3000039 1232474 -106500 98500 5908 1061 1231442 <p id="xdx_895_eecd--EquityValuationAssumptionDifferenceFnTextBlock_dU_zPXDOUcOgfib" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Shareholder Return represents the value of a hypothetical $100 investment beginning at market close on the last trading day of 2019, assuming reinvestment of all dividends.</span></td></tr></table> <p id="xdx_893_eecd--Additional402vDisclosureTextBlock_dU_z7JrQPCKLDK3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zdwmZ3qyWcSe" style="display: none">Additional 402(v) Disclosure [Text Block]</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Given the nature of the Company’s operations, the Company calculates “Net Income” as the Net Increase/(Decrease) in Net Assets Resulting from Operations.</span></td></tr></table> <p id="xdx_893_eecd--CompActuallyPaidVsTotalShareholderRtnTextBlock_dU_zueztf1OOdk6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and Total Shareholder Return for the Company and the Nasdaq Stock Index.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="formdef14a_004.jpg" style="height: 371px; width: 670px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"></p> <p id="xdx_89A_eecd--CompActuallyPaidVsNetIncomeTextBlock_dU_z9ws9QtQplDl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and our Net Increase/(Decrease) in Net Assets Resulting from Operations, which is the Company’s calculation of “Net Income” given the nature of the Company’s operations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="formdef14a_005.jpg" style="height: 495px; width: 670px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <p id="xdx_897_eecd--CompActuallyPaidVsCoSelectedMeasureTextBlock_dU_zBaiHKXQfsch" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The graph below reflects the relationship between “compensation actually paid” to our PEO and non-PEO NEO and our NAV per Share:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span><img alt="" src="formdef14a_006.jpg" style="height: 311px; width: 670px"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_890_eecd--TabularListTableTextBlock_dU_zRBvJf7ec357" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restrictions imposed by the 1940 Act limit the Compensation Committee’s ability to use nondiscretionary or formulaic Company performance goals or criteria to determine executive incentive compensation. However, the Compensation Committee considers several financial performance metrics, along with other factors including operational goals and individual performance criteria, in determining the appropriate compensation for the Company’s NEOs. Subject to the foregoing restrictions imposed by the 1940 Act, in the Company’s assessment, the following list of performance measures represent the most important performance measures used to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to Company performance:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__1_zymQtO6xN276">NAV per Share</span>;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__2_zXvSLgsizt1j">Dividends declared and paid by the Company</span>;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__3_zbHCv0SmOkM">Prudent investments within the portfolio, focusing on high-quality opportunities to ensure efficiency</span>;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__4_z992Uj5IJzuj">Enhancements to the overall investment process, to the valuation process, and to financial reporting</span>;</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__5_zUEXClkv5mze">Maintenance of a strong balance sheet, including maintaining liquidity and capital flexibility to accomplish the Company’s business objectives; and</span></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__6_zfAJA3c2Gjdd">Execution of the Company’s Share Repurchase Program and Modified “Dutch Auction” Tender Offer</span>.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other key metrics considered by the Compensation Committee when determining the appropriate compensation for NEOs include investment activity, growth and performance of the Company’s business, maintenance of liquidity and capital flexibility, growth and development of human capital, and individual contributions to corporate objectives.</span></p> NAV per Share Dividends declared and paid by the Company Prudent investments within the portfolio, focusing on high-quality opportunities to ensure efficiency Enhancements to the overall investment process, to the valuation process, and to financial reporting Maintenance of a strong balance sheet, including maintaining liquidity and capital flexibility to accomplish the Company’s business objectives; and Execution of the Company’s Share Repurchase Program and Modified “Dutch Auction” Tender Offer