Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 65

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 65
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 benefits expense in the accompanying consolidated statements of income.

83

The following table represents stock option activity for the years indicated.OptionsNumber of OptionsWeighted-Average Exercise PriceWeighted-Average Grant Date Fair ValueWeighted-Average Remaining Contractual Term (Years)Outstanding as of December 31, 2021213,857 $30.73 $6.69 Granted3,800 41.15 11.72 Exercised(35,794)22.00 5.85 Forfeited(480)45.12 10.43 Outstanding as of December 31, 2022181,383 $32.64 $6.95 5.7Granted— — — Exercised(20,816)26.31 5.58 Forfeited(3,880)34.33 7.61 Outstanding as of December 31, 2023156,687 $33.43 $7.11 4.9Granted— — — Exercised(37,820)31.85 6.48 Forfeited(900)44.14 10.16 Outstanding as of December 31, 2024117,967 $33.85 $7.29 4.1Exercisable as of December 31, 2022116,239 $32.03 $6.64 4.7Exercisable as of December 31, 2023117,870 $33.54 $6.97 4.3Exercisable as of December 31, 202497,504 $33.90 $7.11 3.7Restricted Stock PlansThe Company has issued restricted stock under the RRP to directors, officers and other key employees. During 2009, the Company purchased in the open market all shares required to fund the RRP at an average cost of $11.81 per share. As of December 31, 2024, no shares were outstanding under the RRP Plan.Awards under the RRP, 2014 and the 2021 Plan may not be sold or otherwise transferred until certain restrictions have lapsed. The unearned compensation related to these awards is amortized to compensation expense over the 5-year vesting period. The total share-based compensation expense for these awards is determined based on the market price of