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EQUITY-BASED INCENTIVE AWARDS (Tables)
12 Months Ended
Sep. 30, 2024
EQUITY-BASED INCENTIVE AWARDS  
Summary of restricted stock unit awards activity

Number

Weighted

of

Average

    

Shares

    

Fair Value

Nonvested restricted stock units at September 2023

 

6,834

$

206.00

Granted

 

Vested

 

(6,834)

195.99

Expired

 

Nonvested restricted stock units at September 2024

 

$

Schedule of restricted stock awards

    

Restricted
 Stock Awards (1)

    

Restricted
 Stock Awards (2)

Restricted
 Stock Awards (3)

Date of award:

 

October 2021

 

October 2022

October 2023

Original number of awards issued:

 

15,100

 

15,100

15,100

Service period:

 

36 months

 

36 months

36 months

Estimated fair value of award at grant date:

$

2,089,000

$

2,824,000

2,762,000

Non-vested awards outstanding at September 2024:

5,034

10,067

15,100

Fair value of non-vested awards at September 2024 of approximately:

$

730,000

$

1,459,000

2,189,000

(1)

10,066 of the restricted stock awards were vested as of September 2024. The remaining 5,034 restricted stock awards will vest in October 2024.

(2)

5,033 of the restricted stock awards were vested as of September 2024. 5,033 restricted stock awards will vest in October 2024 and 5,034 will vest in October 2025.

(3)

The 15,100 restricted stock awards will vest in equal amounts in October 2024, October 2025 and October 2026.

Summary of restricted stock awards activity

Number

Weighted

of

Average

    

Shares

    

Fair Value

Nonvested restricted stock awards at September 2023

 

25,167

$

206.00

Granted

 

15,100

182.89

Vested

 

(10,066)

189.87

Expired

 

Nonvested restricted stock awards at September 2024

 

30,201

$

144.95