FS Bancorp Inc
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 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 June 30, 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 |
| April 1, 2024 - April 30, 2024 | 5,058 | $31.62 | 5,058 | $2,863,688 |
| May 1, 2024 - May 31, 2024 (1) | 30,031 | 32.57 | 30,031 | 1,885,451 |
| June 1, 2024 - June 30, 2024 | 37,789 | 33.22 | 37,789 | 630,205 |
| Total for the quarter | 72,878 | $32.84 | 72,878 | $630,205 |
(1) Includes 1,000 shares surrendered to the Company to pay for the option exercise price for participants exercising options.
On July 11, 2024, the Company publicly announced that its Board of Directors approved an additional stock repurchase program, authorizing the repurchase up to $5.0 million of Company common stock. 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, 2025.
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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