Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 28

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 28
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 Non-vested balance as of June 30, 2024   142,400  $9.36 
 Granted   —   — 
 Vested   —   — 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2024   142,400  $9.36 
         
 Non-vested balance as of June 30, 2025   116,480  $9.63 
 Granted   —   — 
 Vested   —   — 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2025   116,480  $9.63 

     Restricted Stock   Shares    Weighted Average Grant Date Fair Value  
         
 Non-vested balance as of December 31, 2023   178,000  $9.36 
 Granted   —   — 
 Vested   35,600   9.36 
 Forfeited   —   — 
 Non-vested balance as of September 30, 2024   142,400  $9.36 
         
 Non-vested balance as of December 31, 2024   151,740  $9.57 
 Granted   —   — 
 Vested   33,260   9.36 
 Forfeited   2,000   9.36 
 Non-vested balance as of September 30, 2025   116,480  $9.63 

   Expected future expense related to the non-vested restricted shares outstanding as of period end is $1.0 million over a weighted average period of 2.9 years. 
    
   The following table presents the stock based compensation expense for the periods presented. 

       Three Months Ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
   (Dollars in thousands)    (Dollars in thousands)  
 Stock option expense  $86  $79  $246  $236 
 Restricted stock expense   87   83   258   250 
 Total stock based compensation