Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 80

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 80
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5 is presented below:Number ofOptionsWeighted-AverageExercise PriceWeighted-AverageRemaining ContractualTerm (Years)Weighted-AverageGrant DateFair ValueOutstanding at December 31, 2024151,125 $12.13 4.36$4.35 Granted— $— $— Exercised(1)— $— $— Forfeited— $— $— Expired— $— $— Outstanding at March 31, 2025151,125 $12.13 4.11$4.35 Exercisable at March 31, 2025(2)151,125 $12.13 4.11$4.35 (1) The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2024 was approximately $2.4 million (none in 2025).(2) The aggregate fair value of all vested/exercisable options outstanding as of March 31, 2025 was $0.7 million, which was determined based on the market value of our stock as of that date.Restricted Stock UnitsThe RSUs granted under the 2020 Plan to the Company’s employees or certain service providers generally vest in four equal annual installments beginning one year after the date of the grant, while RSUs issued to the Company’s independent directors generally vest on the one-year anniversary from the grant date. The Company recognized compensation expense for all RSUs of approximately $0.9 million and $1.0 million for the three months ended March 31, 2025 and 2024, respectively, which are included in salaries and benefits in the condensed consolidated statements of income and comprehensive income. As of March 31, 2025, unrecognized compensation expense related to RSUs of approximately $9.3 million is expected to be recognized over a weighted-average period of 2.0 years.A summary of RSU activity during the three months ended March 31, 2025 is presented below:Number of RSUsWeighted-AverageGrant PriceOutstanding (nonvested) at December 31, 2024432,316 $20.71 Granted(1)254,575 $16.19 Vested(95,515)$19.99 Forfeited(23,878)$17.48 Outstanding (nonvested) at March 31, 2025567