Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.4
Stock-Based Compensation (Tables)
 12 Months Ended
Sep. 30, 2021
Share Based Compensation [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the years ended September 30, 2021 and 2020:

 

 

 

Number of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

 

Intrinsic
Value

 

Outstanding at September 30, 2019

 

 

200,418

 

 

$

16.37

 

 

 

2.40

 

 

$

27

 

Forfeited

 

 

(81,250

)

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

119,168

 

 

$

15.76

 

 

 

2.71

 

 

$

—

 

Exercisable at September 30, 2020

 

 

95,001

 

 

$

15.50

 

 

 

1.55

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 
Summary of Exercise Price for Stock Options Outstanding and Exercisable

The exercise price for stock options outstanding and exercisable at September 30, 2021 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

 

 

 

—

 

 

 

—

 

 

4,000

 

 

 

41.98

 

 

 

—

 

 

 

—

 

 

87,500

 

 

 

 

 

 

78,500

 

 

 

 
Summary of Non-Vested Shares

The following table summarizes information about the Company’s non-vested shares as of September 30, 2021:

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant-Date

 

Non-vested Options

 

Options

 

 

Fair Value

 

Non-vested at September 30, 2020

 

 

24,167

 

 

$

33.10

 

Granted

 

 

7,500

 

 

$

20.93

 

Forfeited/Cancelled

 

 

(10,500

)

 

$

13.09

 

Vested

 

 

(12,167

)

 

$

15.40

 

Non-vested at September 30, 2021

 

 

9,000

 

 

$

17.57