SHARE-BASED PAYMENTS |
12 Months Ended |
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Jan. 31, 2024 | |
Equity [Abstract] | |
SHARE-BASED PAYMENTS |
The Trust compensates its three non-employee Trustees for their services through grants of restricted Shares. The aggregate grant date fair value of these Shares was $10,800. These restricted shares, ( each to the three Independent Trustees), vest in equal monthly amounts during Fiscal Year 2024.
On May 15, 2023, the Trust’s Board of Trustees approved a grant to issue Officers, Trustees, and Key Employees totaling 55,200. These shares partially vest on December 31, 2023, and February 28, 2024, in two equal amounts. fully paid IHT restricted shares. The aggregate grant date fair value of these Shares was approximately $
In addition, IHT Restricted Shares were issued to each of the Trust’s two accountants, restricted IHT Shares to each of four IHT employees, and shares to each of the three Trust Officers. The shares were fully vested at February 28, 2024.
See Note 2 – “Summary of Significant Accounting Policies” for information related to grants of restricted shares under “Stock-Based Compensation.”
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