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Equity Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Outstanding Restricted Common Stock

The following is a summary of the Company’s outstanding restricted common shares and changes therein for the three and nine months ended September 30, 2025:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2025

 

 

September 30, 2025

 

 

 

Number of
Restricted
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

 

Number of
Restricted
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

Nonvested at beginning of period

 

 

96,692

 

 

$

19.69

 

 

 

90,331

 

 

$

19.14

 

Granted

 

 

 

 

 

 

 

 

39,587

 

 

 

21.46

 

Vested

 

 

(1,492

)

 

 

17.95

 

 

 

(34,718

)

 

 

20.21

 

Forfeited

 

 

(4,320

)

 

 

19.67

 

 

 

(4,320

)

 

 

19.67

 

Nonvested at end of period

 

 

90,880

 

 

$

19.72

 

 

 

90,880

 

 

$

19.72

 

 

The following is a summary of the status of the Company’s outstanding restricted common shares as of September 30, 2025:

 

At September 30, 2025

 

Date of Award

 

Shares

 

 

Remaining Expense

 

 

Remaining Vesting
Period (Years)

 

March 3, 2021

 

 

2,095

 

 

 

10

 

 

 

0.25

 

March 3, 2022

 

 

3,983

 

 

 

61

 

 

 

1.25

 

March 14, 2023

 

 

8,702

 

 

 

145

 

 

 

2.25

 

March 14, 2023

 

 

8,817

 

 

 

47

 

 

 

0.25

 

March 12, 2024

 

 

18,982

 

 

 

241

 

 

 

3.25

 

March 12, 2024

 

 

9,185

 

 

 

88

 

 

 

1.25

 

September 9, 2024

 

 

858

 

 

 

13

 

 

 

2.00

 

March 11, 2025

 

 

20,158

 

 

 

372

 

 

 

4.25

 

March 11, 2025

 

 

18,100

 

 

 

298

 

 

 

2.25

 

 

 

 

90,880

 

 

 

1,275

 

 

 

2.52