LGL GROUP INC Stock Compensation Disclosure
On December 28, 2021, the Company’s stockholders approved the 2021 Incentive Plan (the "Plan"), including the authority to issue 1,000,000 shares of common stock. This Plan is the only long-term plan under which equity compensation may be awarded to employees, advisors and members of the Board aligning their interest with those of stockholders. A new plan was implemented rather than amending the Company’s prior plan, the Amended and Restated 2011 Incentive Plan, to address certain tax law changes. As of December 31, 2024, 975,188 shares remained available for future issuance under the Plan.
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Restricted stock awards | $ | 36 | $ | 3 | ||||
| Total | $ | 36 | $ | 3 | ||||
Restricted Stock Awards
A summary of the Company's restricted stock awards for the year ended December 31, 2024 follows:
| (in thousands, except share data) | Number of Shares | Weighted Average Grant Date Fair Value | Aggregate Grant Date Fair value | |||||||||
| Balance as of December 31, 2023 | 20,118 | $ | 5.22 | $ | 105 | |||||||
| Granted | — | — | — | |||||||||
| Vested | — | — | — | |||||||||
| Canceled | — | — | — | |||||||||
| Balance as of December 31, 2024 | 20,118 | $ | 5.22 | $ | 105 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 31, 2025 | Showing above |
| 2018 | Mar 21, 2019 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.