FLAGSTAR BANK, NATIONAL ASSOCIATION
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---|
Shares Repurchased Pursuant to the Company’s Stock-Based Incentive Plans
Participants in the Company’s stock-based incentive plans may have shares of common stock withheld to fulfill the income tax obligations that arise in connection with the vesting of their stock awards. Shares that are withheld for this purpose are repurchased pursuant to the terms of the applicable stock-based incentive plan, rather than pursuant to the share repurchase program authorized by the Board of Directors, described below.
Shares Repurchased Pursuant to the Board of Directors’ Share Repurchase Authorization
On October 23, 2018, the Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock. Under said authorization, shares may be repurchased on the open market or in privately negotiated transactions. As of March 31, 2025, the Company has approximately $9 million remaining under this repurchase authorization.
Shares that are repurchased pursuant to the Board of Directors’ authorization, and those that are repurchased pursuant to the Company’s stock-based incentive plans, are held in our Treasury account and may be used for various corporate purposes, including, but not limited to, merger transactions and the vesting of restricted stock awards.
The following table provides information relating to the Company’s repurchase of common stock for the three months ended March 31, 2025.
| (dollars in millions, except share data) | |||
|---|---|---|---|
| Period | Total Shares of Common Stock Repurchased | Average Price Paid per Common Share | Total Shares of Common Stock Purchased as Part of Publicly Announced Plans or Programs |
| January 1 - 31, 2025 | 171,892 | $9.25 | $— |
| February 1 - 28, 2025 | 2,609 | 13.05 | — |
| March 1 - 31, 2025 | 202,068 | 11.58 | — |
| Total First Quarter 2025 | 376,569 | $10.53 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.