secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001104659-23-066489
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465923066489/0001104659-23-066489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465923066489/tm2317339d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-066489

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