FLOWERS FOODS INC
For the period ended Apr 19, 2025. Filed May 16, 2025.
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Apr 19, 2025 · Filed May 16, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
As originally announced on December 19, 2002, and subsequently increased, our Board of Directors had approved a plan that authorized share repurchases of up to 74.6 million shares. On May 26, 2022, the company announced that the Board of Directors increased the company's share repurchase authorization by 20.0 million shares. Under the share repurchase plan, the company may repurchase its common stock in open market or privately negotiated transactions or under an accelerated share repurchase program at such times and at such prices as determined to be in the company’s best interest. These repurchases may be commenced or suspended without prior notice depending on then-existing business or market conditions and other factors.
During the sixteen weeks ended April 19, 2025, 286,980 million shares, at a cost of $5.5, were repurchased under the share repurchase plan. From the inception of the share repurchase plan through April 19, 2025, 73.3 million shares, at a cost of $761.5 million, have been repurchased. The company currently has 21.3 million shares remaining available for repurchase under the share repurchase plan.
| Period · Total Numberof SharesPurchased · WeightedAverage PricePer Share · Total Number ofShares Purchasedas Part ofPublicly AnnouncedPlans or Programs · Maximum Numberof Shares thatMay Yet BePurchased Underthe Plans orPrograms | ||||||
|---|---|---|---|---|---|---|
| December 29, 2024 — January 25, 2025 | 135 | * | $20.07 | 135 | * | 21,402 |
| January 26, 2025 — February 22, 2025 | 152 | * | $18.35 | 152 | * | 21,250 |
| February 23, 2025 — March 22, 2025 | — | — | — | 21,250 | ||
| March 23, 2025 — April 19, 2025 | — | — | — | 21,250 | ||
| Total | 287 | $19.16 | 287 | |||
- These shares were acquired to satisfy employees’ tax withholding and payment obligations in connection with the vesting of restricted stock awards, which are repurchased by the company based on the fair market value on the vesting date.
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