METHODE ELECTRONICS INC
For the period ended Jan 27, 2024. Filed Mar 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 27, 2024 · Filed Mar 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The Board of Directors authorized a program to purchase of up to $200.0 million of the Company’s outstanding common stock through June 14, 2024. Purchases may be made in private transactions or on the open market, including pursuant to purchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. As of January 27, 2024, we had purchased and retired $130.1 million of common stock since the commencement of the share buyback program. The following table provides information about our purchases of equity securities during the three months ended January 27, 2024.
| Period | Total number of shares purchased1 | Average price paid per share | Total number of shares purchased as part of publicly announced plan | Approximate dollar value of shares that may yet be purchased under the program (in millions) |
|---|---|---|---|---|
| October 29, 2023 through November 25, 2023 | 68,000 | $23.57 | 68,000 | $71.3 |
| November 26, 2023 through December 30, 2023 | 28,061 | $23.88 | 28,000 | $70.7 |
| December 31, 2023 through January 27, 2024 | 34,592 | $21.14 | 34,592 | $69.9 |
| (1) In addition to open-market purchases, 61 shares of common stock were surrendered by employees to satisfy tax withholding obligations in connection with the vesting of restricted stock units. | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.