HERITAGE FINANCIAL CORP WA
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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, 2024 · Filed May 7, 2024
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UNREGISTERED SALES OF EQUITY SECURITIESAND USE OF PROCEEDS
(a) Not applicable.
(b) Not applicable.
(c)Repurchase Plans
The following table provides information about repurchases of common stock by the Company during the three months ended March 31, 2024:
| Period | Total Number of Shares Purchased (1) | Average PricePaid Per Share (1) | Total number of shares purchased as part of publicly announced plans or programs | Maximum number of shares that may yet be purchased under the plans or programs (2) |
|---|---|---|---|---|
| January 1, 2024—January 31, 2024 | — | $— | — | 307,790 |
| February 1, 2024— February 29, 2024 | 153,131 | 18.40 | 153,095 | 154,695 |
| March 1, 2024—March 31, 2024 | 176,447 | 18.70 | 303,880 | 3,910 |
| Total | 329,578 | $18.56 | ||
(1)Of the common shares repurchased by the Company between January 1, 2024 and March 31, 2024, a total of 25,698 shares represented the cancellation of stock to pay withholding taxes on vested restricted stock units and were not repurchased pursuant to the publicly announced stock repurchase program.
(2)On March 12, 2020 the Company's Board of Directors announced the repurchase of up to 5% of the Company's outstanding common shares, or 1,799,054 shares, under the twelfth stock repurchase plan, which was terminated on April 24, 2024.
On April 24, 2024, the Company's Board of Directors announced the repurchase of up to 5% of the Company's outstanding common shares or approximately 1.7 million shares. The number, timing and price of shares repurchased will depend on business and market conditions, and other factors, including opportunities to deploy the Company's capital. The new stock repurchase program supersedes the previous twelfth stock repurchase program.
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