LGL GROUP INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
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Stock-Based Compensation
9. Stock-Based Compensation
Under the Company’s2021 Incentive Plan (the "Plan"), and the prior2011 Incentive Plan, as amended, stock-based compensation* maybe issued to employees and non-employee directors. As of March 31, 2024*,955,070 shares remained available for future issuance under the Plan.
The following table summarizes stock-based compensation expense, which includes expenses related to awards granted under the Plan for the periods indicated:
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Restricted stock awards | $9 | $— |
| Total | $9 | $— |
Restricted Stock Awards
The following table summarizes restricted stock awards activity for the period indicated:
| Number of Shares | Weighted Average Grant Date Fair Value | Aggregate Grant Date Fair Value | |
|---|---|---|---|
| Balance as of December 31, 2023 | 20,118 | $5.22 | $105 |
| Granted | — | — | — |
| Vested | — | — | — |
| Canceled | — | — | — |
| Balance as of March 31, 2024 | 20,118 | $5.22 | $105 |
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