Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
QNB repurchased 2,000 shares of its common stock during the quarter ended March 31, 2022. The following provides certain information relating to QNB's stock repurchase plan.
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Plan
Maximum
Number of
Shares that
may yet be
Purchased
Under the Plan
January 1, 2022 through January 31, 20222
1,000
$
36.16
1,000
99,000
February 1, 2022 through February 28, 2022
1,000
37.99
1,000
98,000
March 1, 2022 through March 31, 2022
—
—
—
98,000
Total
2,000
$
—
2,000
98,000
(1)
Transactions are reported as of trade dates.
(2)
QNB’s current stock repurchase plan was approved by its Board of Directors and announced on January 24, 2008, increased on February 9, 2009 and subsequently increased on April 27, 2021.
(3)
The total number of shares approved for repurchase under QNB’s current stock repurchase plan is 200,000.
(4)
QNB’s current stock repurchase plan has no expiration date.
(5)
QNB has no stock repurchase plan that it has determined to terminate or under which it does not intend to make further purchases.
Item 3. Default Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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.