Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 153

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 153
---
 status of the Company's restricted shares of CRD-A as of December 31, 2024, 2023 and 2022 and changes during each year, is presented below: 

        Shares

        Weighted-AverageGrant-Date FairValue

        Nonvested at December 31, 2021

        25,000

        $
        7.23

        Granted

        98,921

        7.56

        Vested

        (123,921
        )

        7.49

        Forfeited or unearned

        —

        —

        Nonvested at December 31, 2022

        —

        —

        Granted

        135,456

        5.93

        Vested

        (135,456
        )

        5.93

        Forfeited or unearned

        —

        —

        Nonvested at December 31, 2023

        —

        —

        Granted

        76,090

        12.43

        Vested

        (61,974
        )

        12.36

        Forfeited or unearned

        (14,116
        )

        12.75

        Nonvested at December 31, 2024

        —

        $
        —

       Compensation expense recognized for all restricted shares for the years ended December 31, 2024, 2023, and 2022 was $766,000, $804,000, and $825,000, respectively. As of December 31, 2024, there was no unearned compensation cost related to nonvested restricted shares.Employee Stock Purchase PlansThe Company has three employee stock purchase plans: the U.S. Plan, the U.K. Plan, and the International Plan. Eligible employees in Canada, Puerto Rico, and the U.S. Virgin Islands may also participate in the U.S. Plan. The International Plan is for eligible employees located in certain other countries who are not covered by the U.S. Plan or the U.K. Plan. All plans are compensatory.For all plans, the requisite service period is the period of time over which the employees contribute to the plans through payroll withholdings. For purposes of recognizing compensation expense, estimates are made for the total withholdings expected over the entire withholding period. The market price of a share of stock at the beginning of the withholding period is then used to estimate the total