STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2025


Number of options		550
Option vesting period		1 - 3 Years
Grant price (per share)		$4.02
Dividend yield		2.49%
Expected volatility (a)		50.6% - 52.8%
Risk-free interest rate		4.01% - 4.07%
Expected life (years) (b)		5.50 - 6.50
Weighted average fair value (per share)		$1.71 - $1.74

(a)

Expected volatility is based upon the Company’s historical volatility.

(b)

The expected term was determined based upon the underlying terms of the awards and the category and employment history of employee award recipient.