Company: UBCP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001410578-25-001248
Chunk: 14

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 2U
Chunk 14
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ITEM 2.      Unregistered Sales of Equity Securities and Use of Proceeds

ISSUER PURCHASES OF EQUITY SECURITIES

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​​​​​​​​​​​​​​​​(c) ​(d) ​​​​​​Total Number of​Maximum Number or ​​​​​​Shares (or Units)​Approximate Dollar ​​(a)​​​Purchased as Part​Value) of Shares (or ​​Total Number of​(b)​Of Publicly​Units) that May Yet​​ Shares (or Units)​Average Price Paid​Announced Plans​Be Purchased UnderPeriod    Purchased    Per Share (or Unit)    Or Programs    the Plans or ProgramsMonth #1 1/1/2025 to 1/31/2025 –– ​–– –– ––Month #2 2/1/2025 to 2/29/2025  — ​ — –– ––Month #3 3/1/2025 to 3/31/2025 ––​​–– –– ––

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The Company adopted the United Bancorp, Inc. Affiliate Banks Directors and Officers Deferred Compensation Plan (the “Plan”), which is an unfunded deferred compensation plan. Amounts deferred pursuant to the Plan remain unrestricted assets of the Company, and the right to participate in the Plan is limited to members of the Board of Directors and Company officers. Under the Plan, directors or other eligible participants may defer fees and up to 50% of their annual incentive award payable to them by the Company, which are used to acquire common shares which are credited to a participant’s respective account. Except in the event of certain emergencies, no distributions are to be made from any account as long as the participant continues to be an employee or member of the Board of Directors. Upon termination of service, the aggregate number of shares credited to a participant’s account is distributed with any cash proceeds credited to the account which have not yet been invested in the Company’s stock. All purchases under this deferred compensation plan are funded with either earned director fees or officer incentive award payments. No underwriting fees, discounts, or commissions are paid in connection with the Plan. The shares allocated to participant accounts have not been registered under the Securities Act of 1933 in reliance upon the exemption provided