Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities:
(a) Market Information
The Company’s Common Stock is quoted on the NASDAQ Global Market under the symbol “UNTY.”
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(b) Repurchase Plan
On April 27, 2023, the Board authorized a repurchase plan permitting the repurchase of up to 500 thousand shares, or approximately 5.0% of the Company’s outstanding common stock, in addition to the previously approved repurchase plan authorizing the repurchase of up to 750 thousand shares of common stock. A total of 656 thousand shares were repurchased at an average price of $23.69 during 2023, of which 570 thousand shares were repurchased under the prior repurchase plan, leaving 414 thousand shares available for repurchase as of December 31, 2023. A total of 1,572 shares were repurchased at an average price of $26.49 during 2022, leaving 570 thousand shares available for repurchase as of December 31, 2022. The timing and amount of additional purchases, if any, will depend upon several factors including the Company’s capital needs, the Company’s liquidity position, the performance of its loan portfolio, the need for additional provisions for credit losses and the market price of the Company’s stock.
Maximum
Total Number of
Number of
Total
Shares Purchased
Shares that May
Number of
Weighted
as Part of Publicly
Yet be Purchased
Shares
Average Price
Announced Plans
Under the Plans
Period
Purchased
Paid per Share
or Programs
or Programs
January 1, 2023 through March 31, 2023
337,945
$
24.29
337,945
232,199
April 1, 2023 through June 30, 2023
225,000
22.82
225,000
507,199
July 1, 2023 through September 30, 2023
28,592
23.97
28,592
478,607
October 1, 2023 through December 31, 2023
64,860
23.43
64,860
413,747
The above table excludes stock repurchase excise taxes accrued.
Item 6. Reserved: N/A
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.