Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table details repurchases by Peoples and purchases by “affiliated purchasers” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended, of Peoples’ common shares during the three months ended June 30, 2022:
Period
Total Number of Common Shares Purchased
Average Price Paid per Common Share
Total Number of Common Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum
Number (or Approximate Dollar Value) of Common Shares that May Yet Be Purchased Under the Plans or Programs (1)
April 1 – 30, 2022 74,754 (1) $ 28.46 (1) 70,644 $ 27,999,870
May 1 – 31, 2022 143,576 (1)(2)(3) $ 27.69 (1)(2)(3) 143,576 $ 24,023,642
June 1 – 30, 2022 1,206 (2)(3) $ 27.28 (2)(3) — $ 24,023,642
Total 219,536 $ 27.95 214,220 $ 24,023,642
(1) On January 29, 2021, Peoples announced that on January 28, 2021, Peoples' Board of Directors authorized a share repurchase program authorizing Peoples to purchase up to an aggregate of $30 million of Peoples' outstanding common shares. There were 214,220 common shares repurchased under the share repurchase program during the three months ended June 30, 2022.
(2) Information reported includes an aggregate of 2,180 common shares and 356 common shares withheld to satisfy income taxes associated with restricted common shares which were granted under the Peoples Bancorp Inc. Third Amended and Restated 2006 Equity Plan and vested during April 2022 and June 2022.
(3) Information reported includes 1,930 common shares and 850 common shares purchased in open market transactions during April 2022 and June 2022, by Peoples Bank under the Rabbi Trust Agreement. The Rabbi Trust Agreement establishes a rabbi trust that holds assets to provide funds for the payment of the benefits under the Peoples Bancorp Inc. Third Amended and Restated Deferred Compensation Plan for Directors of Peoples Bancorp Inc. and Subsidiaries.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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