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Stock Option Plan and Stock Based Compensation (Tables)
12 Months Ended
Feb. 28, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards and Restricted Stock Units Activity

The following occurred with respect to the Company’s restricted stock awards for each of the three fiscal years ended February 28, 2023:

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

Number of

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

Outstanding at March 1, 2020

 

143,926

 

 

$

19.79

 

Granted

 

59,315

 

 

 

17.09

 

Terminated

 

(10,098

)

 

 

19.00

 

Vested

 

(73,414

)

 

 

19.16

 

Outstanding at February 28, 2021

 

119,729

 

 

$

18.90

 

Granted

 

51,920

 

 

 

20.30

 

Terminated

 

 

 

 

19.00

 

Vested

 

(104,485

)

 

 

19.70

 

Outstanding at March 1, 2022

 

67,164

 

 

$

18.73

 

Granted

 

22,000

 

 

 

19.78

 

Terminated

 

 

 

 

 

Vested

 

(39,381

)

 

 

19.00

 

Outstanding at February 28, 2023

 

49,783

 

 

$

18.99

 

The following occurred with respect to the Company’s restricted stock units ("RSUs") for each of the three fiscal years ended February 28:

 

 

Time-based

 

 

Performance-based

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

Number of

 

 

Grant Date

 

 

Number of

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Outstanding at February 28, 2021

 

 

 

$

 

 

 

 

 

$

 

Granted

 

44,494

 

 

 

20.38

 

 

 

177,977

 

 

 

23.17

 

Terminated

 

(9,423

)

 

 

20.38

 

 

 

(37,690

)

 

 

23.17

 

Vested

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 1, 2022

 

35,071

 

 

$

20.38

 

 

 

140,287

 

 

$

23.17

 

Granted

 

9,893

 

 

 

19.47

 

 

 

93,532

 

 

 

23.17

 

Terminated

 

 

 

 

 

 

 

 

 

 

 

Vested

 

(11,690

)

 

 

20.38

 

 

 

 

 

 

 

Outstanding at February 28, 2023

 

33,274

 

 

$

20.11

 

 

 

233,819

 

 

$

23.17