QUAINT OAK BANCORP, INC.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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EX-13.0 · Stock Incentive Plans – Share Awards
Stock Incentive Plans–** Share Awards**
In* May 2013,the shareholders of Quaint Oak Bancorp approved the adoption of the2013* Stock Incentive Plan (the*“2013* Stock Incentive Plan”). The2013 Stock Incentive Plan terminated on* March 13, 2023,however the outstanding unvested shares awards as of such date remained outstanding for the remainder of their original five-year vesting term which ended May 9, 2023.*
In* May 2018,the shareholders of Quaint Oak Bancorp approved the adoption of the2018* Stock Incentive Plan (the*“2018* Stock Incentive Plan”). The2018 Stock Incentive Plan approved by shareholders in* May 2018covered a total of 155,000 shares, of which 38,750, or 25%, may*be restricted stock awards, for a balance of 116,250 stock options assuming all the restricted shares are awarded.
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Quaint Oak Bancorp, Inc.
Note15 – Stock Compensation Plans (Continued)
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