Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 77

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 77
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2.2 million and $0.9 million as of September 30, 2025 and 2024, respectively.

11. Share-Based Compensation

The company's outstanding share-based compensation is comprised solely of restricted stock awards and performance stock awards to be settled in stock.As of September 30, 2025, there was approximately $4.4 million of unrecognized compensation expense related to unvested share-based compensation arrangements granted under our equity incentive plans. This expense is subject to future adjustments and forfeitures and will be recognized on a straight-line basis over the remaining period listed above for each grant.At the Annual Meeting of Stockholders of Commercial Vehicle Group, Inc., held on May 15, 2025, the stockholders of the Company approved increasing the number of shares available by 1.8 million shares pursuant to the amended and restated Commercial Vehicle Group, Inc. 2020 Equity Incentive Plan. 

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A summary of the status of our restricted stock awards as of September 30, 2025 and changes during the nine months ended September 30, 2025, are presented below:  2025 Shares (in thousands)Weighted-AverageGrant-DateFair ValueUnvested - December 31, 2024835 $5.02 Granted2,538 1.33 Vested(331)(2.92)Forfeited(405)2.28 Unvested - September 30, 20252,637 $2.16 As of September 30, 2025, a total of 0.3 million shares were available for future grants from the shares authorized for award under our amended and restated 2020 Equity Incentive Plan, including cumulative forfeitures.

12. Stockholders’ Equity

Common Stock — Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share; of which, 33,960,838 and 33,694,396 shares were issued and outstanding as of September 30, 2025 and December 31, 2024, respectively.Preferred Stock — Our authorized capital stock also consists of 5,000,000 shares of preferred stock with a par value of $0.01 per share, with no preferred shares outstanding as of September 30, 2025 and December 31, 2024.Earnings (Loss) Per Share — Basic earnings (loss) per share