Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 214

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 7A
Chunk 214
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) based on compensation paid by InterGroup to its covered employees. Compensation paid by Portsmouth is evaluated separately
by Portsmouth.

EQUITY
COMPENSATION PLANS

The
Company currently maintains one equity compensation plan, which was approved by its stockholders. Outstanding awards granted under prior
equity compensation plans, if any, remain in effect in accordance with their terms.

The
Company’s equity plans are intended to align the interests of directors, officers, and key employees with those of stockholders,
support retention and recruitment, and encourage long-term value creation through stock ownership.

The
InterGroup Corporation 2010 Omnibus Employee Incentive Plan

On
February 24, 2010, the shareholders of the Company approved The InterGroup Corporation 2010 Omnibus Employee Incentive Plan (the “2010
Incentive Plan”), which the Board adopted following the annual meeting. As modified in December 2013, the plan authorizes up to
400,000 shares of common stock for awards approved by the Compensation Committee, including stock options, stock appreciation rights,
performance awards, and other stock-based compensation. In December 2019, amendments approved by the Board and stockholders extended
the plan term to twenty years (through February 2030) and permit option terms of up to twenty years. Awards continue to be governed by
their grant agreements. As of June 30, 2025 and 2024, approximately 14,000 shares remained available for future grant under the 2010
Incentive Plan.

73

The
shares of common stock to be issued under the 2010 Incentive Plan are registered under the Securities Act, pursuant to a registration
statement filed on Form S-8 by the Company on June 16, 2010. Once issued, such shares will be freely transferable subject to any requirements
of Section 16(b) of the Exchange Act.

On
March 16, 2010, the Compensation Committee authorized the grant of 100,000 stock options to the Company’s Chairman, President and
Chief Executive, John V. Winfield to purchase up to 100,000 shares of the Company’s common stock pursuant to the 2010 Incentive
Plan. The exercise price of the options is $10.30, which is 100% of the fair market value of the Company’s Common Stock as determined
by reference to the closing price of the Company’s Common Stock as reported on the NASDAQ Capital Market on March