Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 163

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 163
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 shares
of Company common stock issued to the independent directors of the Company, for payment of quarterly directors’ fees due to them
for services in 2022, which were classified as issuable at December 31, 2022. The equity compensation awards were issued pursuant
to the exemption from the registration requirements of Section 5 of the Securities Act of 1933 (“1933 Act”) provided by Section
4(a)(2) of the 1933 Act.

In March 2023, the Company
amended its Directors’ Compensation Program for Directors who are not employees of the Company to provide that effective January
1, 2023 and as long as the Company remains a shell company (i) the issuance of any annual stock compensation for Directors serving as
a member of the Board or a committee of the Board shall be terminated, and (ii) the payment of any cash compensation for attendance in
person or by telephone of meetings of the Board or committees of the Board shall be terminated.

    7.
    Incentive stock plans and stock-based compensation

Common stock options

The Company adopted a stock-based compensation
plan for employees and non-employee members of its Board of Directors in November 2003 (the “2003 Plan”), and the National
Patent Development Corporation 2007 Incentive Stock Plan in December 2007 (the “2007 NPDC Plan”).  The periods during
which additional awards may be granted under the plans have expired and no further awards may be granted under any of these plans after
December 20, 2017. As a consequence, any equity compensation awards issued after that time will be on terms determined by the Board of
Directors or the Compensation Committee of the Board of Directors and pursuant to exemptions from the registration requirements of the
securities laws.

As of December 31, 2024 and 2023, all options
were vested and there were no outstanding options under the 2007 NPDC Plan. There were no grants, forfeitures or exercises of options
during the years ended December 31,2024 and 2023.

     21 

WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

    8.
    Commitments, Contingencies, and Other

The Company has interests in land and certain flowage rights in undeveloped
property (the “properties”) primarily located in Killingly, Connecticut