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Note 9 - Stock Compensation Plans
 6 Months Ended
Jun. 30, 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 $5.69

  599,013 

Vested - weighted average share price on vested date was $5.30

  (379,390)

Forfeited

  (37,500)

Non-vested grants as of June 30, 2024

  1,040,486 

 

For the three and six months ended June 30, 2024 our stock compensation was $1.6 million and $2.2 million, respectively. For the three and six months ended June 30, 2023, our stock compensation was $0.8 million and $2.0 million, respectively.

 

Non-vested RSU grants will vest as follows:

 

Vesting Year

 

RSUs Vesting

 

2024

 1,000 

2025

 641,144 

2026

 199,171 

2027

 199,171 
   1,040,486 

 

The outstanding RSUs have a value of $8.1 million based on the June 28, 2024 closing stock price of $7.77.

 

As of June 30, 2024, unrecognized stock compensation expense is $5.7 million, and we had 48,761 RSUs available for future issuance.  RSUs are not allocated earnings and losses as they are considered non-participating securities.