HANCOCK WHITNEY CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The Company has in place a Board-approved stock buyback program whereby the Company is authorized to repurchase up to 4.3 million shares of its common stock through the program’s expiration date of December 31, 2024. The program allows the Company to repurchase its common shares in the open market, by block purchase, through accelerated share repurchase programs, in privately negotiated transactions, or otherwise, in one or more transactions in accordance with the rules and regulations of the Securities and Exchange Commission. Following is a summary of repurchases during the three months ended March 31, 2024.
| Total number of shares or units purchased (a) | Average price paid per share | Total number of shares purchased as part of a publicly announced plan or program | Maximum number of shares that may yet be purchased under such plans or programs | |
|---|---|---|---|---|
| January 1, 2024 - January 31, 2024 | 128 | $46.49 | — | 4,297,000 |
| February 1, 2024 - February 29, 2024 | 144,773 | $45.11 | — | 4,297,000 |
| March 1, 2024 - March 31, 2024 | 8 | $46.04 | — | 4,297,000 |
| 144,909 | $45.11 | — |
(a) Includes common stock purchased in connection with our share-based payment plans related shares used to cover payroll tax withholding requirements. See Note 18 – Share-Based Payment Arrangements in our 2023 Form 10-K, which includes additional information regarding our share-based incentive plans. There were no shares repurchases under the Board-approved buyback program during the first quarter of 2024.
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