HEXCEL CORP DE
For the period ended Sep 30, 2024. Filed Oct 21, 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.
Sep 30, 2024 · Filed Oct 21, 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
On February 19, 2024, the Board approved a $300 million share repurchase plan (the “2024 Share Repurchase Plan”) which was in addition to the amount that remained available for repurchases under the company's previous repurchase plan at such time.
During the three months ended September 30, 2024, the Company repurchased 791,819 shares of common stock in open market transactions under the 2024 Share Repurchase Plan at an average price of $63.09 per share and at a cost of $50.4 million, including commissions and excise tax, leaving approximately $234.9 million available for additional repurchases under the 2024 Share Repurchase Plan as of September 30,2024. The acquisition of these shares was accounted for under the treasury stock method.
The following is a summary of share repurchase activity during the fiscal quarter ended September 30, 2024:
| Period | (a)Total Number of Shares Purchased | (b)Average Price Paid per share | (c)Total Number ofShares Purchased as Part ofPublicly AnnouncedPlans or Programs | (d)Approximate Dollar Value (Millions) ofShares that May YetBe Purchased Under the Plans or Programs |
|---|---|---|---|---|
| July 1 — July 31, 2023 | 249,409 | $64.11 | 249,409 | $269.1 |
| August 1 — August 31, 2024 | 542,410 | $62.62 | 542,410 | $234.9 |
| Total | 791,819 | $63.09 | 791,819 | $234.9 |
ITEMS 3, 4 and 5 arenot applicable, and therefore have been omitted.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.