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Mark A. Fox, the President and CEO of C&F Mortgage, a division of C & F Financial Corp (NASDAQ:CFFI), recently sold 1,032 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at a price of $81 per share, amounting to a total value of $83,592. Following this sale, Fox holds 11,005 shares in the company.
In other recent news, C&F Financial Corporation has announced the approval of a $5 million stock repurchase program. Starting January 1, 2025, the company plans to buy back its common stock, with the program concluding by December 31, 2025. The shares acquired will be classified as authorized but unissued stock, and repurchases may occur through various methods, including open market purchases and privately negotiated transactions. The timing, volume, and pricing of these repurchases will be determined by management based on market conditions and other factors. This initiative follows the expiration of the company’s previous share repurchase program at the end of 2024 and is part of its capital management strategy. The program reflects C&F Financial’s ongoing commitment to enhancing shareholder value. Investors and market observers are expected to closely monitor the program’s progress and its potential impact on the company’s financial performance. The company’s recent filing with the Securities and Exchange Commission provides the official details of this new initiative.
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