EQUITY-BASED INCENTIVE AWARDS (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of assumptions used in connection with the Black-Scholes option pricing calculation


	Stock Option
	Pricing
	Assumptions
	2019
Risk-free interest rate	2.55	%
Dividend yield	0.8	%
Expected volatility	45.10	%
Expected life in years	6

Summary of stock options activity


		Weighted
	Number	Average
	of	Exercise
	Shares	Price
Outstanding at September 2019	36,450	$	78.67
Granted	—		—
Exercised	(2,100)		51.50
Forfeited/Expired	—		—
Outstanding at September 2020	34,350	$	80.33

Schedule of restricted stock unit awards


	Restricted Stock Units(1)		Restricted Stock Units(2)		Restricted Stock Units(3)		Restricted Stock Units(4)
Date of award:		October 2015		October 2017		October 2018		October 2019
Original number of awards issued:		13,250		13,000		15,050		14,550
Service period:		36 - 60 months		36 months		36 months		36 months
Estimated fair value of award at grant date:	$	1,112,000	$	1,177,000	$	1,264,000	$	1,007,000
Non-vested awards outstanding at September 30, 2020:		50		4,334		10,037		14,550
Fair value of non-vested awards at September 30, 2020 of approximately:	$	3,000	$	280,000	$	648,000	$	940,000

(1)13,200 of the restricted stock units were vested as of September 2020. The remaining 50 restricted stock units will vest in October 2020.

(2)8,666 of the restricted stock units were vested as of September 2020. The remaining 4,334 restricted stock units will vest in October 2020.

(3)5,013 of the restricted stock units were vested as of September 2020. 5,018 restricted stock units will vest in October 2020 and 5,019 will vest in October 2021.

(4)The 14,550 restricted stock units will vest in equal amounts in October 2020, October 2021, and October 2022.

Summary of restricted stock unit activity


	Number	Weighted
	of	Average
	Shares	Fair Value
Nonvested restricted stocks units at September 2019	28,151	$	76.25
Granted	14,550		69.20
Vested	(13,730)		74.02
Expired	—		—
Nonvested restricted stocks units at September 2020	28,971	$	64.59