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Share-Based Payments
3 Months Ended
Apr. 30, 2021
Equity [Abstract]  
Share-Based Payments

15. SHARE-BASED PAYMENTS

 

The Trust compensates its three non-employee Trustees for their services through grants of restricted Shares. The aggregate grant date fair value of these Shares was $71,280. These restricted 48,000 shares, (16,000 each to the three Independent Trustees), vest in equal monthly amounts over one year during fiscal year 2022.

 

In addition, 3,000 IHT restricted shares were issued to each of the Trust’s three accountants, and 2,000 restricted IHT Shares to each of three IHT employees. The aggregate grant date fair value of these Shares was $22,275. These 15,000 shares vest in equal monthly amounts over six months through July 31, 2021.

 

See Note 2 – “Summary of Significant Accounting Policies” for information related to grants of restricted shares under “Stock-Based Compensation.”