Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation

v3.26.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Stock-Based Compensation

Note 11 — Stock-Based Compensation

 

The Company recognized $329,153 of stock-based compensation expense for the three months ended March 31, 2026, related to the vesting of the 780,264-share equity award granted to Alan Campbell, the Company’s Chief Executive Officer, in August 2025. The award vests over three years on a graded schedule, and the Company recognizes compensation expense on a straight-line basis over the requisite service period based on the grant-date fair value of the award. Stock-based compensation expense is included within Salaries and wages on the Consolidated Statements of Operations.

 

The Company recognized $0 of stock-based compensation expense for the three months ended March 31, 2025.

 

As of March 31, 2026, the Company had unrecognized stock-based compensation expense related to unvested equity awards. This unrecognized expense is expected to be recognized over the remaining vesting period of approximately 2.4 years.