Annual report [Section 13 and 15(d), not S-K Item 405]

SHARE-BASED COMPENSATION (Tables)

v3.25.4
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Issued A summary of the restricted stock issuances approved by Main Street’s Board of Directors under the Equity and Incentive Plan, net of shares forfeited, if any, and the remaining shares of restricted stock available for issuance as of December 31, 2025 is as follows:
Restricted stock authorized under the plan 5,000,000 
Less net restricted stock granted (1,474,397)
Restricted stock available for issuance as of December 31, 2025
 3,525,603 
Main Street’s Board of Directors approves the issuance of shares of restricted stock to Main Street non-employee directors pursuant to the Main Street Capital Corporation 2022 Non-Employee Director Restricted Stock Plan. These shares are granted upon appointment or election of non-employee directors to the board and vest on the day immediately preceding the annual meeting of stockholders following the respective grant date and are expensed over such service period. A summary of the restricted stock issuances approved by Main Street’s Board of Directors under the 2022 Non-Employee Director Restricted Stock Plan, net of shares forfeited, if any, and the remaining shares of restricted stock available for issuance as of December 31, 2025 is as follows:
Restricted stock authorized under the plan 300,000 
Less net restricted stock granted (14,455)
Restricted stock available for issuance as of December 31, 2025
 285,545 
Schedule of Summarized Restricted Stock Awards
Summarized RSA activity for the year ended December 31, 2025 is as follows:
Year Ended December 31, 2025
Number Weighted-Average Grant-Date Fair Value
Restricted Stock Awards (RSAs): of Shares (per share)
Non-vested, December 31, 2024
 1,039,417  $ 43.62 
Granted (1) 457,557  57.72 
Vested (1)(2)
 (473,147) 43.03 
Forfeited (28,619) 51.49 
Non-vested, December 31, 2025
 995,208  $ 50.15 
Aggregate intrinsic value as of December 31, 2025 (in thousands) (3)
 $ 60,101 
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(1)Restricted units generally vest over a three-year or five-year period from the grant date (as noted above).
(2)Vested shares included 182,350 shares withheld for payroll taxes paid on behalf of employees.
(3)Aggregate intrinsic value is the product of total non-vested restricted shares as of December 31, 2025 and $60.39 per share, the closing price of Main Street’s common stock on December 31, 2025.