Note 9 - Stock Compensation Plans

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

(9) STOCK COMPENSATION PLANS

Non-vested grants as of December 31, 2023	858,363
Awarded - weighted average share price on award date was $8.41	1,500
Vested - weighted average share price on vested date was $5.33	(321,419	)
Forfeited	(28,000	)
Non-vested grants as of March 31, 2024	510,444

For the three months ended March 31, 2024 and 2023, our stock compensation was $0.7 million and $1.2 million, respectively.  

Non-vested RSU grants will vest as follows:

Vesting Year	RSUs Vesting
2024		1,000
2025		509,444
		510,444

The outstanding RSUs have a value of $2.7 million based on the March 28, 2024 closing stock price of $5.33.

As of March 31, 2024, unrecognized stock compensation expense is $3.3 million, and we had 611,035 RSUs available for future issuance.  RSUs are not allocated earnings and losses as they are considered non-participating securities.