SECURITY FEDERAL CORP
For the period ended Mar 31, 2024. Filed May 10, 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 10, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable
(b) Not applicable
(c) The following table summarizes common stock repurchases during the three months ended March 31, 2024:
| Period · Total Number of Shares Purchased · Average Price Paid Per Share · 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 | |||||
|---|---|---|---|---|---|
| January 1, 2024 - January 31, 2024 | - | $ | - | - | 71,186 |
| February 1, 2024 - February 29, 2024 | 30 | $23.00 | 30 | 71,156 | |
| March 1, 2024 - March 31, 2024 | 4,200 | $23.00 | 4,200 | 66,956 | |
| Total | 4,230 | 4,230 | |||
| (1) | On June 23, 2023, the Company announced that its Board of Directors approved a share repurchase program for the purchase of up to three percent, or approximately 97,612 shares, of the Company’s outstanding common stock as of that date. The June 2023 repurchase program does not have a set expiration date and will expire upon repurchase of the full amount of authorized shares. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. |
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