Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On August 11, 2016, our Board of Directors approved a program to repurchase up to 10,000,000 shares of CVB common stock in the open market or in privately negotiated transactions. There is no expiration date for this repurchase program. On March 31, 2020, the Company announced that it suspended its 10b5-1
stock repurchase program. During the three months ended March 31, 2020, the Company repurchased 4,944,290 shares of CVB common stock outstanding under this program. As of March 31, 2020, we have 4,585,145 shares of CVB common stock available for repurchase under the common stock repurchase program.
Period
Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs
Average Price
Paid Per Share
Maximum Number of Shares
Available for Repurchase Under
the Plans or Programs
January 1 - 31, 2020
-
$
-
9,529,435
February 1 - 29, 2020
351,100
$
19.59
9,178,335
March 1 - 31, 2020
4,593,190
$
18.46
4,585,145
Total
4,944,290
$
18.54
4,585,145
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not Applicable
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable
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