Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the fiscal year ended September 30, 2021 and the six months ended March 31, 2022:

 

 

 

Number of
Shares

 

 

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

 

 

 

 

$

 

 

 

 

 

 

 

Outstanding at March 31, 2022

 

 

87,500

 

 

$

18.81

 

 

 

1.28

 

 

$

2,193

 

Exercisable at March 31, 2022

 

 

82,500

 

 

$

17.53

 

 

 

1.23

 

 

$

2,144

 

Summary of Non-Vested Shares

The following table summarizes information about the Company’s non-vested shares outstanding as of March 31, 2022:

 

Non-vested Shares

 

Number of
Shares

 

 

Average
Grant-Date
Fair Value

 

Non-vested at September 30, 2021

 

 

9,000

 

 

$

17.57

 

Granted

 

 

 

 

$

 

Vested

 

 

(4,000

)

 

$

20.74

 

Non-vested at March 31, 2022

 

 

5,000

 

 

$

15.04