Item 2. Unregistered Sales of Equity Securities
Item 2 : Unregistered Sales of Equity Securities, Use of Proceeds, Issuer Purchases of Equity Securities
On January 20, 2026, the Board of Directors approved an authorization to repurchase up to 550,000 shares of the Company’s common stock, or approximately 5.0% of shares outstanding, following the completion of the Company’s prior repurchase program announced on May 20, 2021, which occurred during the current quarter.
On May 20, 2021, the Company announced its intention to repurchase up to 445,000 shares of its common stock, or approximately 5.0% of its 8.9 million then-outstanding common shares. The shares were purchased at prevailing market prices in the open market or in privately negotiated transactions, subject to availability and general market conditions. Repurchased shares have been held as treasury shares to be used for general corporate purposes.
The following table summarizes the Company’s stock repurchase activity for each month during the three months ended March 31, 2026.
Total # of Shares
Average
Purchased as Part of a
Maximum Number
Total #
Price
Publicly
of Shares That
of Shares
Paid Per
Announced
May Yet Be
Purchased
Share
Program
Purchased (1)
01/01/26 - 01/31/26 period
31,575
$
60.59
31,575
575,526
02/01/26 - 02/28/26 period
37,020
64.26
37,020
538,506
03/01/26 - 03/31/26 period
87,796
62.53
87,796
450,710
(1) Represents the remaining shares available for purchase as of the last calendar day of the month shown.
Item 3 : Defaults upon Senior Securities
Not applicable
Item 4 : Mine Safety Disclosures
Not applicable
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.