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Stock Based Compensation (Tables)
3 Months Ended
May 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards and Restricted Stock Units Activity

The following activity occurred with respect to the Company’s restricted stock awards for the three months ended May 31, 2022 of which 2,000 shares were granted under the New Plan:

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

Number of

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

Outstanding at March 1, 2022

 

67,164

 

 

$

18.73

 

Granted

 

2,000

 

 

 

17.58

 

Terminated

 

 

 

 

 

Vested

 

(22,342

)

 

 

19.09

 

Outstanding at May 31, 2022

 

46,822

 

 

$

18.51

 

 

The following activity occurred with respect to the Company’s restricted stock units for the three months ended May 31, 2022:

 

Time-based

 

 

Performance-based

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

Number of

 

 

Grant Date

 

 

Number of

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Outstanding at March 1, 2022

 

35,071

 

 

$

20.38

 

 

 

140,287

 

 

$

23.17

 

Granted

 

3,238

 

 

 

17.90

 

 

 

12,954

 

 

 

23.17

 

Terminated

 

 

 

 

 

 

 

 

 

 

 

Vested

 

(11,690

)

 

 

20.38

 

 

 

 

 

 

 

Outstanding at May 31, 2022

 

26,619

 

 

$

20.08

 

 

 

153,241

 

 

$

23.17