Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table summarizes stock repurchases for the three-months ended September 30, 2023:
Issuer Purchases of Equity Securities
Period
Total Number of Shares (or Units) Purchased
Average Price Paid per Share (or Unit)
Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs
Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1)
July 2023
—
$
—
—
—
August 2023
—
—
—
825,000
September 2023
19,298
$
16.25
19,298
805,702
Total
19,298
$
16.25
19,298
805,702
(1) All shares were purchased in open-market transactions pursuant to First United Corporation’s stock repurchase plan that was initially adopted effective August 18, 2023 and publicly announced on August 21, 2023. The plan authorizes the repurchase of up to 825,000 shares of common stock of First United Corporation through open market or private transactions at such times and in such amounts per transactions as the Chairman and Chief Executive Officer of First United Corporation determines to be appropriate.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not Applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.