Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter, we did not sell any equity securities not registered under the Securities Act of 1933, as amended. Purchases of equity securities by the issuer and affiliated purchasers during the three months ended June 30, 2025 were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of
Shares Purchased (1) Average
Price Paid
Per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Plans (2) Maximum Number of
Shares that May Yet Be
Purchased Under the Plans (2)
April 1, 2025 to April 30, 2025 153,174 $ 8.90 — 24,750,000
May 1, 2025 to May 31, 2025 9,871 8.71 — 24,750,000
June 1, 2025 to June 30, 2025 264,711 8.66 250,000 24,500,000
Total 427,756 $ 8.75 250,000
(1) Includes repurchases made in connection with the vesting of employee restricted stock awards.
(2) On February 21, 2024, Valley publicly announced a new stock repurchase program for up to 25 million shares of Valley common stock. The authorization to repurchase under the new repurchase program became effective on April 26, 2024 and will expire on April 26, 2026.
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.