Greene County Bancorp Authorizes Repurchase of 400,000 Shares (5% of Float)
Greene County Bancorp’s board approved a repurchase plan for up to 400,000 common shares, representing roughly 5% of its 7.81 million shares held by non-majority owners. Repurchases will begin after Q1 results, using open-market or block trades at management’s discretion subject to market conditions.
1. Adoption of Stock Repurchase Program
Greene County Bancorp’s board has approved a program to repurchase up to 400,000 shares of its common stock, equivalent to approximately 5.0% of the 7,808,300 shares held by investors outside its majority mutual holding company parent. The authorization reflects management’s intent to deploy capital toward share repurchases to enhance shareholder value.
2. Execution Mechanisms and Timing
Repurchases may occur in the open market, through block trades or under any Rule 10b5-1 trading plan, and are expected to commence once the company releases its results for the quarter ended March 31, 2026. Management will target repurchase prices it deems attractive while complying with SEC Rule 10b-18 and other legal guidelines.
3. Program Flexibility and Oversight
The repurchase program is discretionary and may be suspended, modified or terminated at any time based on market conditions, stock price levels, availability of alternative investment opportunities, liquidity considerations and the company’s financial performance. No obligation exists to repurchase a specific number of shares under the program.