PEOPLES BANCORP INC 10-Q

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 Exchange Act of Peoples’ common shares during the three months ended September 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) July 1 – 31, 2022 1,800 (1) $ 27.53 (1) — $ 24,023,642 August 1 – 31, 2022 2,609 (1)(2) $ 30.40 (1)(2) — $ 24,023,642 September 1 – 30, 2022 42,297 (1)(3) $ 28.95 (1)(3) 40,299 $ 22,857,421 Total 46,706 $ 28.97 40,299 $ 22,857,421 (1) Information reported includes 1,800 common shares, 1,174 common shares and 1,998 common shares purchased in open market transactions during July 2022, August 2022, and September 2022, respectively, 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. (2) Information reported includes 1,435 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 August 2022. (3) 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 40,299 common shares repurchased under the share repurchase program during September 2022. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.