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LONG TERM INCENTIVE PLAN

12 Months Ended

Sep. 30, 2025

LONG TERM INCENTIVE PLAN

LONG TERM INCENTIVE PLAN

19.

LONG TERM INCENTIVE PLAN

On February 16, 2022, the stockholders of Energy Services approved the Company’s 2022 Equity Incentive Plan (the “Equity Incentive Plan”), which provides for the grant of stock-based awards to officers and employees of the Company and its subsidiaries. The maximum number of shares of stock, in the aggregate, that may be granted under the Equity Incentive Plan as stock options, restricted stock or restricted stock units is 1,500,000 shares. A description of the material terms of the Equity Incentive Plan is contained in the Company’s definitive proxy statement for the Annual Meeting of Stockholders filed with the Securities and Exchange Commission on January 11, 2022. The amount recognized for compensation expense for the twelve months ended September 30, 2025 and 2024 was approximately $117,000 and $50,000, respectively.

A table of restricted stock grants awarded during the twelve months ended September 30, 2025 are below:

 

 

Exercised or

 

 

 

 

Outstanding at the

Granted during the

converted during the

Forfeited during the

Expired during the

Exercisable or

fiscal year ended

Twelve Months Ended

Twelve Months Ended

Twelve Months Ended

Twelve Months Ended

Outstanding at

convertible at

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

2024

 

2025

 

2025

 

2025

 

2025

 

2025

 

2025

1,435,439

3,970

—

—

—

1,431,469

—


		restricted stock award vesting
FY 2026		22,843
FY 2027		9,510
FY 2028		1,322
		33,675