Stock-Based Compensation Plan (Tables)

9 Months Ended

Sep. 30, 2023


Number of options		75
Option vesting period		1 Year
Grant price (per share)		$7.91
Dividend yield		1.26%
Expected volatility (a)		47.80%
Risk-free interest rate		3.69%
Expected life (years) (b)		5.31
Weighted average fair value (per share)		$2.48

(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.


		March 14, 2023

Number issued		500
Vesting period		$15.00 - $18.00 stock price target
Grant price (per share)		$9.60
Dividend yield		1.04%
Expected volatility		45.2%
Risk-free interest rate		3.64%
Expected term (years)		2.56 - 3.22
Weighted average fair value (per share)		$7.84 - $8.34