Finward Bancorp
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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.
Jun 30, 2024 · Filed Aug 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1A. Risk Factors
Not Applicable.
On April 24, 2014 the Bancorp’s Board of Directors authorized a stock repurchase program to repurchase up to 50,000 shares of the Bancorp’s outstanding common stock, from time to time and subject to market conditions, on the open market or in privately negotiated transactions. The stock repurchase program does not expire and is only limited by the number of shares that can be purchased. The stock repurchase program will be reviewed annually by the Board of Directors. No shares were repurchased during the quarter ended June 30, 2024 under the stock repurchase program.
| Period | Total Number of Shares Purchased (2) | 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 Program(1) |
|---|---|---|---|---|
| January 1, 2024 – January 31, 2024 | - | N/A | - | 48,828 |
| February 1, 2024 – February 28, 2024 | - | N/A | - | 48,828 |
| March 1, 2024 – March 31, 2024 | 2,816 | $24.11 | - | 48,828 |
| April 1, 2024 – April 30, 2024 | - | N/A | - | 48,828 |
| May 1, 2024 – May 31, 2024 | 76 | $24.48 | - | 48,828 |
| June 1, 2024 – June 30, 2024 | 472 | $24.55 | - | 48,828 |
| (1) | The stock repurchase program was announced on April 24, 2014, whereby the Bancorp is authorized to repurchase up to 50,000 shares of the Bancorp’s common stock outstanding. There is no express expiration date for this program. |
| (2) | The number of shares above includes shares of common stock reacquired from the Bancorp’s executive officers and employees to satisfy the tax withholding obligations on restricted stock awards granted under the Bancorp’s 2015 Stock Option and Incentive Plan. For the six months ended June 30, 2024, 3,364 shares were reacquired at an average per share price of $24.18 pursuant to these tax withholding transactions. |
| Item 3. | Defaults Upon Senior Securities |
|---|
There are no matters reportable under this item.
| Item 4. | Mine Safety Disclosures |
|---|
Not Applicable
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.