---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066489"
form_type: "8-K"
ticker: "NECB"
cik: "0001847398"
company_name: "NorthEast Community Bancorp, Inc./MD/"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:49:00.263358+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Northeast Community Bancorp authorizes new stock repurchase program up to 1.5M shares (10% of outstanding)

## Summary
- New program authorizes repurchase of up to 1,509,218 shares, or 10% of issued and outstanding common stock.
- Company completed its first repurchase program at a total cost of $22.8 million, or $13.93 per share.
- Repurchases may occur in open market or private transactions; Company intends to adopt a Rule 10b5-1 trading plan.
- Program does not obligate the Company to buy any specific number of shares; may be modified or discontinued at any time.

## SEC filing metadata
- accession: 0001104659-23-066489
- form_type: 8-K
- ticker: NECB
- cik: 0001847398
- company_name: NorthEast Community Bancorp, Inc./MD/
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847398/000110465923066489/0001104659-23-066489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847398/000110465923066489/tm2317339d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066489
- JSON: https://secwatch.observer/filing/0001104659-23-066489.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066489.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.