XML 35 R26.htm IDEA: XBRL DOCUMENT v3.22.1
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the three months ended March 31, 2022:

 

 

 

Options

 

 

Weighted-
Avg
 Exercise
Price/Share

 

 

Weighted-
Average
Remaining
Contractual
Life (in
years)

 

 

Aggregate
Intrinsic
Value(1)

 

Outstanding Beginning of period

 

 

340,903

 

 

$

9.86

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited

 

 

—

 

 

 

 

 

 

 

 

 

 

Outstanding End of Period

 

 

340,903

 

 

$

9.86

 

 

 

8.38

 

 

$

661

 

Vested or expected to vest

 

 

340,903

 

 

$

9.86

 

 

 

8.38

 

 

$

661

 

Exercisable at period end

 

 

68,177

 

 

 

 

 

 

 

 

 

 

 

(1) Based on close price of $11.80 as of March 31, 2022. Intrinsic value for stock options is defined as the difference between the current market value and the exercise price multiplied by the number of in-the-money options.
Summary of Nonvested Restricted Stock Activity

The following table summarizes non-vested restricted stock activity for the quarter ended March 31, 2022:

 

 

 

Shares

 

Balance – January 1, 2022

 

 

181,811

 

Granted

 

 

—

 

Vested

 

 

—

 

Balance – March 31, 2022

 

 

181,811

 

 

 

NOTE 8 – STOCK BASED COMPENSATION (Continued)
Summary of Restricted Stock Fair Value

The following table summarizes the restricted stock fair value:

 

Date of Awards

 

Shares

 

 

Vesting
Period
(years)

 

Fair Value

 

August 2020

 

 

227,266

 

 

5

 

$

9.86