other material
confidence high
sentiment neutral
materiality 0.50
UTG Board adds $1M to buyback, total authorization now $23M; 10b5-1 plan adopted
UTG INC
- Board reinstituted stock repurchase program and authorized additional $1,000,000 on Dec 27, 2024.
- Total authorized repurchases up to $23 million; $2,160,445 remaining after $20.84M spent on 1,380,820 shares.
- Board also authorized a 10b5-1 trading plan for open-market repurchases, expiring December 31, 2025.
- Repurchases may be suspended or terminated at any time; no obligation to buy any specific number of shares.