11 unchanged sentences
December 1 – 31, 2022 — — — 500,000 (1)
−Removed: (1) The Corporation’s stock repurchase program, which was announced on November 12, 2014, authorizes the repurchase of up to 500,000 shares of common stock.
−Removed: The program will remain in effect until fully utilized or until modified, suspended or terminated.
+Added: (1) On May 17, 2022, the Corporation’s Board of Directors authorized the repurchase of up to 500,000 shares of common stock, provided that the aggregate purchase price of shares of common stock repurchased does not exceed $15 million.
+Added: The repurchases of common stock, if any, are authorized to be made during the period beginning on June 2, 2022 (the date on which the Corporation received acknowledgement of the repurchase program from the Federal Reserve Bank) through and including May 17, 2023 through open market purchases, privately negotiated transactions.
+Added: Depending on market conditions and other factors, these repurchases may be commenced or suspended without prior notice.
As of December 31, 2022, there were 500,000 shares remaining for repurchase under the program.
3 unchanged sentences
Set forth below is a chart comparing the Corporation’s cumulative return to stockholders against the cumulative return of the NASDAQ Composite Index and a peer group index of banking organizations for the five-year period commencing December 31, 2017 and ending December 31, 2022.
−Removed: Previously, the Corporation utilized the SNL Bank NASDAQ Index as the peer group index.
−Removed: The SNL Bank NASDAQ Index was retired in August 2021 and, therefore, there is no value to disclose for the SNL Bank NASDAQ Index as of 12/31/2021.
−Removed: The Corporation utilized as a replacement index the KBW NASDAQ Bank Index.
CNB Financial Corporation
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.