Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
On February 27, 2025, the Company announced a third program to repurchase 153,083 shares of the Company’s outstanding common stock, or approximately 5% of the shares then outstanding. The program has no stated expiration date. The Company had previously announced a stock repurchase program on May 16, 2023 to repurchase up to 164,842 shares, or approximately 5% of the shares outstanding and a second repurchase program on November 9, 2023 to repurchase 161,316 shares, or approximately 5% of the shares outstanding. As of March 31, 2025, the Company had repurchased 313,773 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, 2025.
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, 2025 - January 31, 2025
21,500
$
15.48
21,500
22,385
February 1, 2025 - February 28, 2025
5,000
16.05
5,000
170,468
March 1, 2025 - March 31, 2025
5,000
16.30
5,000
165,468
Total
31,500
$
15.70
31,500
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.