3 unchanged sentences
The approximate number of holders of record of the Company’s common stock as of December 31, 2023 was 236.
−Removed: Certain shares are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number.
+Added: Certain shares are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is somewhat greater.
Dividend Policy
9 unchanged sentences
The Bank is also subject to various legal, regulatory and other restrictions on its ability to pay dividends and make other distributions and payments to its holding company, PCB Bancorp.
−Removed: For additional information, see “Supervision and Regulation - The Bank - Dividend Payments” included in Item 1 and Note 17 to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
+Added: For additional information, see “Supervision and Regulation - The Company - Dividend Payments, Stock Redemptions and Stock Repurchases” included in Item 1 and Note 17 to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
Issuer Purchase of Equity Securities
−Removed: Except for the preferred stock discussed below, there were no unregistered sales of equity securities during the year ended December 31, 2022.
−Removed: On May 24, 2022, the Company issued 69,141 shares of Series C Preferred Stock for the capital investment of $69.1 million from the U.S.
−Removed: Treasury under the ECIP.
−Removed: For additional information, see Note 11 to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
−Removed: The following table presents share repurchase activities during the three months ended December 31, 2022:
−Removed: ($ in thousands, except per share data) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program
+Added: There were no unregistered sales of equity securities during the year ended December 31, 2023.
+Added: The following table presents share repurchase activities during the periods indicated:
+Added: ($ in thousands, except per share data) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Number of Shares That May Yet Be Purchased Under the Program
From October 1, 2023 to October 31, 2023 59,474 $ 15.39 59,474 $ 593,324
2 unchanged sentences
Total 60,074 $ 15.39 60,074
−Removed: On March 28, 2019, the Company’s Board of Directors approved the repurchase of up to $6.5 million of the Company’s common stock through March 27, 2020.
−Removed: During the year ended December 31, 2019, the Company completed the repurchase program, and repurchased and retired 396,715 shares of common stock at a weighted-average price of $16.33 per share.
−Removed: On January 23, 2020, the Company announced that on November 22, 2019, its Board of Directors approved a $6.5 million stock repurchase program to commence upon the opening of the Company’s trading window for the first quarter of 2020 and continue through November 20, 2021.
−Removed: The Company completed the repurchase program in March 2020.
−Removed: The Company repurchased and retired 428,474 shares of common stock at a weighted-average price of $15.14 per share.
−Removed: On April 8, 2021, the Company’s Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock as of the date of the board meeting, which represented 775,000 shares, through September 7, 2021.
−Removed: The Company repurchased and retired 680,269 shares of common stock at a weighted-average price of $15.99 per share under this repurchase program.
−Removed: On July 28, 2022, the Company’s Board of Directors approved a repurchase program authorizing for the repurchase of up to 5% of the Company’s outstanding common stock as of the date of the board meeting, which represented 747,938 shares, through February 1, 2023.
−Removed: The Company repurchased and retired 362,557 shares of common stock at a weighted-average price of $18.57 per share, totaling $6.7 million under this repurchase program as of December 31, 2022.
−Removed: On January 26, 2023, the Company announced the amendment of the repurchase program, which extended the program expiration from February 1, 2023 to February 1, 2024.
+Added: On July 28, 2022, the Company’s Board of Directors approved a repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock, which represented 747,938 shares, through February 1, 2023.
+Added: On January 26, 2023, the Company announced that it has extended the program expiration from February 1, 2023 to February 1, 2024.
+Added: The Company completed the repurchase of all shares under this program during the three months ended March 31, 2023.
+Added: The Company repurchased and retired 747,938 shares of common stock at a weighted-average price of $18.15 per share, totaling $13.6 million under this repurchase program under this program.
+Added: On August 2, 2023, the Company’s Board of Directors approved a new repurchase program authorizing the repurchase of up to 5% of the Company’s outstanding common stock, which represented 720,000 shares, through August 2, 2024.
+Added: The Company repurchased and retired 127,276 shares of common stock at a weighted-average price of $15.58 per share, totaling $2.0 million under this repurchase program through December 31, 2023.
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.