XML 30 R21.htm IDEA: XBRL DOCUMENT v3.22.2
Share-Based Payment Plans
6 Months Ended
Jun. 30, 2022
Share-Based Payment Plans  
Share-Based Payment Plans

Note 12:   Share-Based Payment Plans

Equity-based incentive awards for Company officers are currently issued pursuant to the 2017 Equity Incentive Plan (the “2017 Incentive Plan”). During the three months ended June 30, 2022 and 2021, the Company did not issue any shares. During the six months ended June 30, 2022 and 2021, the Company issued 64,962 and 35,056 shares, respectively.

During 2018, the Compensation Committee of the Board of Directors approved a plan for non-executive directors to receive a portion of their annual retainer fees in the form of shares of common stock equal to $10,000, rounded up to the nearest whole share. In January 2021, the Board of Directors amended the plan for nonexecutive directors to receive a portion of their annual fees, issued quarterly, in the form of restricted common stock equal to $50,000 per member, rounded up to the nearest whole share, to be effective after the Company’s annual meeting of shareholders held in May 2021. There were 3,766 and 5,821 shares issued to non-executive directors during the three and six months ended June 30, 2022, respectively and there were 2,190 and 4,695 shares issued to non-executive directors during the three and six months ended June 30, 2021, respectively.