Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.2
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Issued The following table summarizes 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 June 30, 2025.
Restricted stock authorized under the plan 5,000,000 
Less net restricted stock granted (1,488,038)
Restricted stock available for issuance as of June 30, 2025
 3,511,962 
As of June 30, 2025, the following table summarizes the restricted stock issued to Main Street’s non-employee directors and the remaining shares of restricted stock available for issuance pursuant to the Main Street Capital Corporation 2022 Non-Employee Director Restricted Stock Plan. These shares are granted upon appointment or election 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.
Restricted stock authorized under the plan 300,000 
Less net restricted stock granted (14,455)
Restricted stock available for issuance as of June 30, 2025
 285,545 
Schedule of Summarized Restricted Stock Awards
Summarized RSA activity for the six months ended June 30, 2025 is as follows:
Six Months Ended June 30, 2025
Number Weighted-Average Grant-Date Fair Value
Restricted Stock Awards (RSAs): of Shares (dollars per share)
Non-vested, December 31, 2024
 1,039,417  $ 43.62 
Granted (1) 455,810  57.71 
Vested (1)(2)
 (455,608) 42.95 
Forfeited (13,231) 50.76 
Non-vested, June 30, 2025
 1,026,388  $ 50.08 
Aggregate intrinsic value as of June 30, 2025 (in thousands)
 $ 60,660  (3)
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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 177,024 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 June 30, 2025 and $59.10 per share, the closing price of Main Street’s common stock on June 30, 2025.