Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 392

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 9C
Chunk 392
---
 Company’s then Vice President, Real Estate, David C.
Gonzalez, to purchase up to 18,000 shares of common stock. The per share exercise price of the options is $27.30 which is the fair value
of the Company’s Common Stock as reported on NASDAQ Capital Market on March 2, 2017. The options expire ten years from the date
of grant. Pursuant to the time vesting requirements, the options vest over a period of five years, with 3,600 options vesting upon each
one-year anniversary of the date of grant. Mr. Gonzalez currently serves as Chief Operating Officer.

On
October 13, 2023, the Compensation Committee awarded 18,000 stock options to the Company’s Chief Operating Officer David C. Gonzalez,
to purchase up to 18,000 shares of common stock. The exercise price of the options is $28.90 which was the fair market value of the Company’s
Common Stock as reported on NASDAQ closing on October 12, 2023. The options expire ten years from the date of grant. Pursuant to the
time vesting requirements, the options vest over a period of three years, with 6,000 options vesting upon each one year anniversary of
the date of grant.

Compensation
of Directors

Effective
as of fiscal year ended June 30, 2011, annual cash compensation payable to non-employee directors has been $12,000. With the exception
of members of the Audit Committee, non-employee directors do not receive any additional fees for attending Board or Committee meetings
but are entitled to reimbursement of their reasonable expenses to attend such meetings. Members of the Audit Committee are paid a fee
of $1,000 per quarter, with the Chair of that Committee to receive $1,500 per quarter. As an executive officer, the Company’s Chairman
has elected to forego his annual board fees.

The
following table sets forth the compensation paid to directors during the fiscal year ended June 30, 2025:

DIRECTOR
COMPENSATION

    Fees
    Earned or  
       
    All
    Other  

    Name 
    Paid
    in Cash*  
    Stock
    Awards  
    Compensation  
    Total 

    John C. Love 
    $46,000(1) 
        -  
          -  
    $46,000 

    William