CB Financial Services, Inc.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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FY2024 · Filed Mar 19, 2025
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PART II
The Company’s common stock is traded on the NASDAQ Global Market under the symbol “CBFV.” The approximate number of holders of record of the Company’s common stock as of March 12, 2025, was 584. Certain shares of Company common stock are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number.
Equity Compensation Plans
The following table provides information at December 31, 2024, for compensation plans under which equity securities may be issued.
| Plan Category · Number of securitiesto be issued uponexercise ofoutstanding optionswarrants and rights · Weighted-averageexercise price ofoutstanding optionswarrants and rights · Number of securitiesremaining available forfuture issuance underequity compensationplans (excluding securitiesreflected in column (A)) | ||||||||
|---|---|---|---|---|---|---|---|---|
| (A) · (B) · (C) | ||||||||
| Equity compensation plans: | ||||||||
| Approved by stockholders | 377,088 | (1) | $23.65 | (1) | 287,500 | (2) | ||
| Not approved by stockholders | — | — | — | |||||
| Total | 377,088 | $23.65 | 287,500 | |||||
(1)Represents stock options available to be exercised from Treasury Stock under the 2015 Equity Incentive Plan (the "2015 Plan") and stock options granted under the 2021 Equity Incentive Plan (the "2021 Plan") that can be issued from a reserve upon exercise. The 2015 and 2021 Plans shall remain in effect as long as any awards are outstanding, but as a result of the approval of the 2024 Equity Incentive Plan, no more awards can be granted under the 2015 and 2021 Plans.
(2)Represents shares available under the 2024 Plan (the "Share Limit") that can be issued. At December 31, 2024, there have been no restricted shares granted under the 2024 Plan.
Issuer Purchases of Equity Securities
The Company made the following purchases of its common stock during the three months ended December 31, 2024.
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased asPart of the Publicly Announced Program | Approximate Dollar Value of Shares ThatMay Yet Be Purchased Under the Program(2) |
|---|---|---|---|---|
| October 1-31, 2024 | 1,092 | $28.41 | 1,092 | $6,980,522 |
| November 1-30, 2024 | 5,547 | 28.78 | 5,547 | 6,821,989 |
| December 1-31, 2024 | 5,531 | 28.84 | 5,531 | 6,663,913 |
| Total | 12,170 | $28.77 | 12,170 |
(1) On July 22, 2024, the Company announced that the Board had approved a program commencing on July 25, 2024 to repurchase up to 5%, or 257,095 shares, of the Company's then outstanding common stock. This repurchase program is set to expire on July 25, 2025. In connection with the program, the Company has purchased a total of 23,928 shares of the Company's common stock at an average price of $27.47 per share.
(2) Based on the closing price of the Company's common stock on December 31, 2024, which was $28.58.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.