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 Option and Stock Incentive Plans – Stock Options
Stock Option and Stock Incentive Plans–** Stock Options**
The2018 Stock Incentive Plan approved by shareholders in* May 2018covered a total of 155,000 shares, of which 116,250 * maybe stock options assuming all the restricted shares are awarded. The outstanding options granted in2018 remain exercisable until* May 2028,to the extent still outstanding. In May 2023,the shareholders of Quaint Oak Bancorp approved the adoption of the2023* Stock Incentive Plan. The2023 Stock Incentive Plan approved by shareholders in* May 2023covered a total of 175,000 shares, of which 131,250 * maybe stock options assuming all the restricted shares are awarded.
All incentive stock options issued under the Option Plan and the2018 and2023 Stock Incentive Plans are intended to comply with the requirements of Section422 of the Internal Revenue Code. Options will become vested and exercisable over afive-year period and are generally exercisable for a period often years after the grant date.
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Quaint Oak Bancorp, Inc.
Note15 – Stock Compensation Plans (Continued)
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