Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 702

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 702
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 be issued, utilizing the most current information available to the Company at the date of the consolidated financial statements.  The Company estimates the fair value of the restricted stock unit awards based upon the market price of the underlying common stock on the date of grant.

        F-
       19

        BK TECHNOLOGIES CORPORATION

        YEARS ENDED
        DECEMBER 31, 2024 AND
       2023

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

        (in thousands, except share data and percentages)

   11. Share-Based Compensation (Continued)
    
   A summary of non-vested restricted stock units under the Company’s non-employee director share-based incentive compensation plan is as follows:

           Weighted Average  
       Grant Date  
 Year ended December 31, 2024   Number of Shares    Price per Share  
 Unvested as of January 1, 2024   19,587  $13.22 
 Granted   58,760   12.20 
 Vested and issued   (33,801)  11.74 
 Cancelled/forfeited   —   — 
 Unvested as of December 31, 2024   44,546  $12.99 

           Weighted Average  
 Year ended December 31, 2023   Number of Shares    Price per Share  
 Unvested at January 1, 2023   41,129  $13.20 
 Granted   45,412  $12.37 
 Vested and issued   (66,954) $12.63 
 Cancelled/forfeited   —   — 
 Unvested at December 31, 2023   19,587  $13.22 

   During the year ended  December 31, 2024 and 2023, the Company also issued 8,960 RSUs under a consulting agreement for advisory services to the Board of Directors.  The principal of the consulting firm was elected as the Chairman of the Board of Directors in  December 2023.
    
   During 2024 and 2023, the Company’s Board of Directors approved the Executive Salary Swap Plan to prospectively swap a portion of certain executive’s salaries for a 12 month period (10% minimum, up to