Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
On May 16, 2023, the Company announced a program to repurchase up to 164,842 shares of the Company’s outstanding common stock, or approximately 5% of the shares then outstanding. On November 9, 2023, the Company announced a second repurchase plan to repurchase 161,316 shares or approximately 5% of the shares outstanding. The program has no stated expiration date. As of March 31, 2024, the Company had repurchased 185,842 shares under the plans.
The following table summarizes the Company’s repurchases of its outstanding shares of common stock during the quarter ended March 31, 2024.
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number of
Shares Purchased as Part of Publicly
Announced Plans
Maximum Number of
Shares That May
Yet be Purchased
Under the Plans
January 1, 2024 - January 31, 2024
-
$
-
-
151,316
February 1, 2024 - February 29, 2024
-
-
-
151,316
March 1, 2024 - March 31, 2024
11,000
14.03
11,000
140,316
Total
58,425
$
12.70
58,425
Item 3. Defaults Upon Senior Securities
None.
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.