Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2020
Share Based Compensation [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the years ended September 30, 2020 and 2019:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Intrinsic

Value

 

Outstanding at September 30, 2018

 

 

231,668

 

 

$

14.84

 

 

 

3.04

 

 

$

163

 

Forfeited

 

 

(31,250

)

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2019

 

 

200,418

 

 

$

16.37

 

 

 

2.40

 

 

$

27

 

Exercisable at September 30, 2019

 

 

168,084

 

 

$

13.92

 

 

 

1.44

 

 

$

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2019

 

 

200,418

 

 

$

16.37

 

 

 

2.40

 

 

$

27

 

Forfeited

 

 

(81,250

)

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

119,168

 

 

$

19.07

 

 

 

2.71

 

 

$

—

 

Exercisable at September 30, 2020

 

 

95,001

 

 

$

15.50

 

 

 

1.55

 

 

$

—

 

Summary of Exercise Price for Stock Options Outstanding and Exercisable

The exercise price for stock options outstanding and exercisable at September 30, 2020 is as follows:

 

Outstanding

 

 

Exercisable

 

Number of

 

 

Exercise

 

 

Number of

 

 

Exercise

 

Options

 

 

Price

 

 

Options

 

 

Price

 

 

25,000

 

 

$

10.00

 

 

 

25,000

 

 

$

10.00

 

 

16,668

 

 

 

10.86

 

 

 

12,501

 

 

 

10.86

 

 

6,250

 

 

 

12.50

 

 

 

6,250

 

 

 

12.50

 

 

6,250

 

 

 

15.00

 

 

 

6,250

 

 

 

15.00

 

 

25,000

 

 

 

15.18

 

 

 

25,000

 

 

 

15.18

 

 

8,000

 

 

 

23.41

 

 

 

8,000

 

 

 

23.41

 

 

8,000

 

 

 

27.60

 

 

 

8,000

 

 

 

27.60

 

 

8,000

 

 

 

31.74

 

 

 

4,000

 

 

 

31.74

 

 

8,000

 

 

 

36.50

 

 

 

—

 

 

 

—

 

 

8,000

 

 

 

41.98

 

 

 

—

 

 

 

—

 

 

119,168

 

 

 

 

 

 

 

95,001

 

 

 

 

 

Summary of Non-Vested Shares

The following table summarizes information about the Company’s non-vested shares as of September 30, 2020:

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant-Date

 

Non-vested Shares

 

Shares

 

 

Fair Value

 

Non-vested at September 30, 2019

 

 

36,334

 

 

$

26.76

 

Vested

 

 

(12,167

)

 

$

23.23

 

Non-vested at September 30, 2020

 

 

24,167

 

 

$

33.10