LGL GROUP INC
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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Jun 30, 2025 · Filed Aug 14, 2025
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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 June 30, 2025*,938,914 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Restricted stock awards | $17 | $9 | $26 | $18 |
| Total | $17 | $9 | $26 | $18 |
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, 2024 | 20,118 | $5.22 | $105 |
| Granted | 16,156 | 6.50 | 105 |
| Vested | — | — | — |
| Canceled | — | — | — |
| Balance as of June 30, 2025 | 36,274 | $5.79 | $210 |
As of* June 30, 2025*, there was $146 of total unrecognized compensation cost related to unvested shares granted. The cost is expected to be recognized over a weighted average period of 2.0 years.
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