Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.22.0.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the years ended December 31 follows:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Options

 

 

Weighted
average
exercise
price

 

 

Options

 

 

Weighted
average
exercise
price

 

 

Options

 

 

Weighted
average
exercise
price

 

Outstanding at beginning of year:

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

 

 

34,500

 

 

$

52.58

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9,750

)

 

 

53.83

 

Adjusted / (forfeited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

Exercisable at end of year

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

Stock Options Outstanding

A summary of the Company’s stock options outstanding at December 31, 2021 follows:

 

 

 

Outstanding

 

 

Exercisable

 

Exercise Price Range

 

Options

 

 

Weighted
average
exercise
price

 

 

Options

 

 

Weighted
average
exercise
price

 

$32.95 – $49.99

 

 

8,250

 

 

$

37.91

 

 

 

8,250

 

 

$

37.91

 

$50.00 – $61.05

 

 

16,500

 

 

$

59.17

 

 

 

16,500

 

 

$

59.17

 

Total

 

 

24,750

 

 

$

52.09

 

 

 

24,750

 

 

$

52.09

 

Intrinsic value of outstanding stock options at December 31, 2021

 

 

 

 

 

 

 

 

 

 

$

2,502,075

 

Intrinsic value of exercisable stock options at December 31, 2021

 

 

 

 

 

 

 

 

 

 

$

2,502,075

 

 

Status of Unvested Shares of Stock Issued to Employees and Directors

A summary of the status of unvested shares of stock issued to employees and directors as of and during the years ended December 31 follows:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Non-vested
Shares

 

 

Weighted
average
grant date
fair value

 

 

Non-vested
Shares

 

 

Weighted
average
grant date
fair value

 

 

Non-vested
Shares

 

 

Weighted
average
grant date
fair value

 

Unvested at beginning of year:

 

 

154,770

 

 

$

66.62

 

 

 

147,723

 

 

$

63.07

 

 

 

145,004

 

 

$

60.19

 

Granted

 

 

55,433

 

 

 

114.61

 

 

 

60,288

 

 

 

71.70

 

 

 

57,849

 

 

 

67.33

 

Vested

 

 

(60,716

)

 

 

67.14

 

 

 

(45,767

)

 

 

63.10

 

 

 

(52,938

)

 

 

59.89

 

Forfeited

 

 

 

 

 

 

 

 

(7,474

)

 

 

59.06

 

 

 

(2,192

)

 

 

61.84

 

Unvested at end of year

 

 

149,487

 

 

$

84.21

 

 

 

154,770

 

 

$

66.62

 

 

 

147,723

 

 

$

63.07