Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation

v3.25.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Our 2022 Omnibus Incentive Plan provides for the grant of options, stock appreciation rights, restricted stock units (“RSU”s), restricted stock and other stock-based awards, any of which may be performance-based, and for incentive bonuses, which may be paid in cash, Common Stock, or a combination thereof. During the three months ended March 31, 2025, 252,798 RSUs were granted with a weighted-average grant-date fair value of $1.00. As of March 31, 2025, 485,899 equity units remained outstanding.
Total stock-based compensation expense including options and RSUs for the three months ended March 31, 2025 and 2024, net of forfeiture adjustments, totaled $312,679 and $530,655, respectively.