CIVISTA BANCSHARES, INC. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Information regarding the market in which CBI’s common shares are traded is incorporated herein by reference from the information appearing under the caption “Common Shares and Shareholder Matters” located on page 4 of the 2021 Annual Report. As of February 24, 2022, there were approximately 1,502 shareholders of record (not including the number of persons or entities holding stock in nominee or street name through various brokerage firms) of the Company’s common shares. Information regarding the restrictions applicable to the Company’s payment of dividends is included under Item 1 of this Annual Report on Form 10-K and is incorporated herein by reference. During the fourth quarter of 2021, the Company purchased common shares as follows: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1, 2021 -October 31, 2021 4,000 $ 23.99 4,000 $ 10,964,868 November 1, 2021 - November 30, 2021 10,752 $ 23.72 10,752 $ 10,709,821 December 1, 2021 - December 31, 2021 58,789 $ 23.83 58,789 $ 9,308,655 Total 73,541 $ 23.83 73,541 $ 9,308,655 On August 12, 2021, the Company publicly announced a common share repurchase program, which replaced the Company’s previous repurchase program that was announced on April 20, 2020 repurchase program and authorizes the Company to repurchase a maximum aggregate value of $13,500,000 of its outstanding common shares. The expiration date of the common share repurchase program is August 10, 2022. A total of 181,375 common shares had been repurchased for an aggregate purchase price of $4,191,345 as of December 31, 2021 under this repurchase program. Item 6. [Reserved] Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation Information required by this item is incorporated herein by reference from the information appearing under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” located on pages 5 through 19 of the 2021 Annual Report. Item 7A. Quantitative and Qualitative Disclosures About Market Risk Information required by this item is incorporated herein by reference from the disclosures included under the caption “Quantitative and Qualitative Disclosures About Market Risk” on pages 19 through 21 of the 2021 Annual Report.