NorthEast Community Bancorp, Inc./MD/ 10-K

ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information The common stock of the Company is traded on the Nasdaq Capital Market under the ticker symbol “NECB.” Holders The number of shareholders of record of the Company at March 30, 2023 was 321. Dividends The Company has historically paid a quarterly cash dividend to stockholders. During the year ended December 31, 2022, the Company paid regular quarterly cash dividends of $0.06 per share. As previously disclosed, the Company’s Board of Directors also declared a one-time special cash dividend of $0.18 per share, which was paid on May 31, 2022, to shareholders of record at the close of business on May 16, 2022. In determining the amount of any future dividends, the board of directors will take into account the Company’s financial condition and results of operations, tax considerations, capital requirements and alternative uses for capital, industry standards, and economic conditions. The Company cannot guarantee that it will pay continue to pay dividends or that, if paid, it will not reduce or eliminate dividends in the future. Securities Authorized for Issuance Under Equity Compensation Plans The following table sets forth information regarding outstanding options and shares outstanding under the Company’s previously disclosed 2022 Equity Incentive Plan at December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) ​ ​ (b) ​ (c) ​ ​ ​ ​ ​ ​ ​ Numbers of Securities ​ ​ ​ ​ ​ ​ ​ Remaining Available ​ ​ ​ ​ ​ ​ ​ for Future Issuance ​ ​ Numbers of Securities to ​ ​ Weighted-Average ​ Under Equity ​ ​ be Issued Upon Exercise ​ ​ Exercise Price of ​ Compensation Plans ​ of Outstanding Options, ​ Outstanding Options, (Excluding Securities Period ​ Warrants and Rights ​ ​ Warrants and Rights ​ Reflected in Column (a)) Equity compensation plan approved by security holders ​ 978,408 $ 13.67 98,311 Equity compensation plan not approved by security holders ​ - ​ ​ - ​ - Total ​ 978,408 ​ ​ ​ ​ 98,311 ​ Share Repurchases On July 27, 2022, the Company announced that its Board of Directors had authorized a stock repurchase program to acquire up to 1,637,794 shares, or 10%, of the Company's currently issued and outstanding common stock commencing on August 1, 2022. The stock repurchase program is the Company’s first repurchase program since completing its second-step conversion and related stock offering in July 2021. ​ 28 Table of Contents The following table provides information on repurchases by the Company of its common stock under the Company’s stock repurchase program during the three months ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares ​ Maximum Number of ​ ​ ​ ​ ​ ​ ​ Purchased as Part of Shares that May Yet Be ​ Total Number of ​ Average Price Paid Publicly Announced Purchased Under the Period ​ Shares Purchased ​ ​ Per Share ​ Plans or Programs ​ Plans or Programs October 1 - 31, 2022 ​ 63,004 $ 12.80 63,004 1,324,502 November 1 - 30, 2022 ​ 116,300 ​ ​ 14.01 ​ 116,300 ​ 1,208,202 December 1 - 31, 2022 ​ 250,927 ​ ​ 14.64 ​ 250,927 ​ 957,275 Total ​ 430,231 ​ ​ ​ ​ 430,231 ​ ​ ​ ​ ​ ITEM 6. [ RESERVED ] ​ ​