Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK-BASED COMPENSATION (Tables)

v3.25.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
STOCK-BASED COMPENSATION  
Schedule of Common Stock Options

    

Weighted

    

Average

    

    

Weighted

Remaining

Number

Average

Contractual

Aggregate

of Stock

Exercise

Term

Intrinsic

Options

Price

(in years)

Value

Options outstanding at January 1, 2024

 

3,757,227

$

3.22

 

  

 

  

Granted

 

87,822

 

5.15

 

  

 

  

Exercised

 

(1,054,360)

 

1.28

 

  

 

  

Canceled/Forfeited

 

(5,000)

 

7.40

 

  

 

  

Expired

 

 

 

  

 

  

Options outstanding at December 31, 2024

 

2,785,689

$

4.01

 

4.70

$

3,629,196

Options exercisable at December 31, 2024

 

2,342,499

$

3.45

 

4.04

$

3,629,196

Schedule of compensation expense

(In thousands)

Year Ended

December 31, 

Compensation Expense

2024

2023

Stock options

$

1,326

$

1,517

Restricted and performance-based shares

 

1,547

 

1,365

$

2,873

$

2,882

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Year Ended December 31, 

    

2024

2023

Expected volatility

 

71.70

%  

69.54

%

Expected dividend yield

 

%  

%

Expected term (in years)

 

6.00

 

6.00

Weighted average risk-free rate

 

3.94

%  

3.72

%

Schedule of weighted-average grant date fair value of options granted

Therefore, the weighted-average grant date fair value per share of options granted is as follows:

Year Ended December 31, 

2024

2023

Weighted average grant date fair value

$

3.42

$

4.79