FS Bancorp Inc
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
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Item** 2. Unregistered Sales of Equity Securities and Use of Proceeds
| (a) | Not applicable |
|---|
| (b) | Not applicable |
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| (c) | The following table summarizes common stock repurchases during the three months ended March 31, 2024: |
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| Maximum | ||||
|---|---|---|---|---|
| Total Number · Dollar Value of | ||||
| of Shares · Shares that | ||||
| Average · Repurchased as · May Yet Be | ||||
| Total Number | Price | Part of Publicly | Repurchased | |
| of Shares | Paid per | Announced | Under the | |
| Period | Purchased | Share | Plan or Program | Plan or Program |
| January 1, 2024 - January 31, 2024 (1) | 17,612 | $37.25 | 17,612 | $3,023,630 |
| February 1, 2024 - February 29, 2024 | — | — | — | — |
| March 1, 2024 - March 31, 2024 | — | — | — | — |
| Total for the quarter | 17,612 | $37.25 | 17,612 | $3,023,630 |
(1) Includes 3,653 shares internally repurchased by the Company to pay for the option exercise price for participants exercising options.
On August 15, 2023, the Company publicly announced that its Board of Directors approved a stock repurchase program, authorizing the repurchase up to $5.0 million shares of Company common stock, representing approximately 2.5% of its outstanding shares as of that date. The repurchases may be executed, from time to time, in the open market, through privately negotiated transactions, or by withholding shares upon the exercise of equity awards over a 12-month period until July 31, 2024.
The actual timing, price, and number of shares repurchased under the program will depend on a number of factors, including constraints specified pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, price, general business and market conditions, and alternative investment opportunities. The share repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.
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