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Stock impact report

Sound Financial Bancorp, Inc. Announces Adoption of New Stock Repurchase Program [Yahoo! Finance]

Sound Financial Bancorp, Inc. (SFBC) 
Company Research Source: Yahoo! Finance
Bank, today announced that its Board of Directors approved a new stock repurchase program, authorizing the Company to purchase up to $1.5 million of the Company's issued and outstanding common stock over a period of 12 months expiring on January 26, 2025. Under the Company's existing stock repurchase program, scheduled to expire on January 31, 2024, the Company has repurchased 107,735 shares of common stock at an aggregate cost of approximately $4.0 million. The Board also authorized management to enter into one or more trading plans, in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, to facilitate repurchases pursuant to the new stock repurchase program ("Rule 10b5-1 plan"). A Rule 10b5-1 plan would allow the Company to repurchase shares at times when it might otherwise be prevented from doing so by securities laws or because of self-imposed trading blackout periods. The actual timing, number and value of shares repurchased under the new stock repurchase pr Show less Read more
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