Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 12 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the years ended September 30, 2022 and 2021:

 

 

 

Number of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

 

Intrinsic
Value

 

Outstanding at September 30, 2020

 

 

119,168

 

 

$

15.76

 

 

 

2.71

 

 

$

—

 

Granted

 

 

7,500

 

 

 

40.92

 

 

 

 

 

 

 

Exercised

 

 

(28,668

)

 

 

11.25

 

 

 

 

 

 

 

Forfeited

 

 

(10,500

)

 

 

20.56

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

 

87,500

 

 

$

18.81

 

 

 

1.78

 

 

$

1,626

 

Exercisable at September 30, 2021

 

 

78,500

 

 

$

16.29

 

 

 

1.72

 

 

$

1,626

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

 

87,500

 

 

$

18.81

 

 

 

1.78

 

 

$

1,626

 

Granted

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

—

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2022

 

 

87,500

 

 

$

18.81

 

 

 

0.78

 

 

$

771

 

Exercisable at September 30, 2022

 

 

87,500

 

 

$

18.81

 

 

 

0.78

 

 

$

771

 
Summary of Exercise Price for Stock Options Outstanding and Exercisable

The exercise price for stock options outstanding and exercisable at September 30, 2022 is as follows:

 

Outstanding

 

 

Exercisable

 

Number of

 

 

Exercise

 

 

Number of

 

 

Exercise

 

Options

 

 

Price

 

 

Options

 

 

Price

 

 

25,000

 

 

$

10.00

 

 

 

25,000

 

 

$

10.00

 

 

6,250

 

 

 

12.50

 

 

 

6,250

 

 

 

12.50

 

 

6,250

 

 

 

15.00

 

 

 

6,250

 

 

 

15.00

 

 

25,000

 

 

 

15.18

 

 

 

25,000

 

 

 

15.18

 

 

4,000

 

 

 

23.41

 

 

 

4,000

 

 

 

23.41

 

 

4,000

 

 

 

27.60

 

 

 

4,000

 

 

 

27.60

 

 

4,000

 

 

 

31.74

 

 

 

4,000

 

 

 

31.74

 

 

4,000

 

 

 

36.50

 

 

 

4,000

 

 

 

36.50

 

 

5,000

 

 

 

40.00

 

 

 

5,000

 

 

 

40.00

 

 

4,000

 

 

 

41.98

 

 

 

4,000

 

 

 

41.98

 

 

87,500

 

 

 

 

 

 

87,500

 

 

 

 
Summary of Non-Vested Shares

The following table summarizes information about the Company’s non-vested shares as of September 30, 2022:

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant-Date

 

Non-vested Options

 

Options

 

 

Fair Value

 

Non-vested at September 30, 2021

 

 

9,000

 

 

$

17.57

 

Granted

 

 

—

 

 

$

—

 

Forfeited/Cancelled

 

 

—

 

 

$

—

 

Vested

 

 

(9,000

)

 

$

17.57

 

Non-vested at September 30, 2022

 

 

—

 

 

$

—