LGL GROUP INC
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Aug 14, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Stock-Based Compensation
9. Stock-Based Compensation
Under the Company’s2021 Incentive Plan (the "Plan"), stock-based compensation* maybe issued to employees and non-employee directors. At the Company's2026* Annual Meeting of Stockholders held on* May 12, 2026,stockholders approved an amendment to the Plan to increase the number of shares of common stock authorized for issuance thereunder by 1,500,000 shares. As of June 30, 2026*,2,276,512 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, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Restricted stock awards | $146 | $17 | $538 | $26 |
| Stock options | 14 | — | 310 | — |
| Total | $160 | $17 | $848 | $26 |
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, 2025 | 36,274 | $5.79 | $210 |
| Granted | 162,402 | 6.48 | 1,052 |
| Vested | (60,361) | (6.31) | (381) |
| Canceled | — | — | — |
| Balance as of June 30, 2026 | 138,315 | $6.37 | $881 |
As of* June 30, 2026*, there was $626 of total unrecognized compensation cost related to unvested shares granted. The cost is expected to be recognized over a weighted average period of 1.5 years.
Stock Options
The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise. Option awards are generally granted with an exercise price equal to the market price of the Company's stock on the grant date.
The following table presents the weighted-average assumptions for stock options granted:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Expected volatility (a) | — | — | 45.9% | — |
| Expected annual dividend yield (b) | — | — | 0.0% | — |
| Risk-free interest rate (c) | — | — | 3.6% | — |
| Expected term, in years (d) | — | — | 2.7 | — |
| (a) | The expected volatility is based on the implied volatility of the Company's historical stock price data over the expected term. |
|---|
| (b) | The yield is 0.0% as the Company is not expected to pay a dividend. |
|---|
| (c) | The risk-free rate is based on the average U.S. Treasury zero-coupon rate over the four days prior to the grant date. We selected the risk-free rate that is commensurate with the length of the expected term as of the grant date, using interpolation where necessary. |
|---|
| (d) | The expected term is the simple average of the vesting periods and the contractual term. |
|---|
The following table provides a rollforward of stock option activity for thesix months ended* June 30, 2026*:
| Number of Options Outstanding | Weighted Average Exercise Price | Weighted Average Grant Date Fair Value | Weighted Average Remaining Term (in years) | Aggregate Intrinsic Value | |
|---|---|---|---|---|---|
| Outstanding as of December 31, 2025 | — | $— | $— | — | $— |
| Granted | 200,000 | 7.02 | 1.87 | ||
| Exercised | — | — | — | ||
| Forfeited | — | — | — | ||
| Outstanding as of June 30, 2026 | 200,000 | $7.02 | $1.87 | 4.8 | $53 |
| Exercisable as of June 30, 2026 | 160,000 | $7.18 | $2.33 | 4.8 | $32 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.