Equity Incentive Plan |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Incentive Plan | EQUITY INCENTIVE PLAN During the three months ended December 31, 2025, a total of 371,700 restricted stock units and 478,800 performance share units were granted to directors and executive officers. On December 18, 2025, a special one-time equity award (the "Retention Award") was granted to Marc Stefanski, the Company's Chairman, President and Chief Executive Officer. The Retention Award consists of 215,200 restricted stock units and 322,800 performance share units, which are included in the total restricted stock units and performance share units above. The Retention Award was designed to directly incentivize Mr. Stefanski's leadership for the next five years. The awards, including the Retention Award, were made pursuant to the Amended and Restated 2008 Equity Incentive Plan, which was approved at the annual meeting of shareholders held on February 22, 2018. The following table presents share-based compensation expense recognized during the periods presented:
At December 31, 2025, 947,775 shares were subject to options, with a weighted average exercise price of $14.92 per share and a weighted average grant date fair value of $1.50 per share. Expected future expense, relating to the 240,000 non-vested options outstanding as of December 31, 2025, is $87 over a weighted average period of 0.9 years. At December 31, 2025, 627,520 restricted stock units and 675,100 performance share units with a weighted average grant date fair value of $13.78 and $13.81 per unit, respectively, are unvested. Expected future compensation expense, relating to the 1,393,268 restricted stock units and 675,100 performance share units outstanding as of December 31, 2025, is $6,961 over a weighted average period of 3.1 years and $8,531 over a weighted average period of 3.8 years, respectively. Each unit is equivalent to one share of common stock. |
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