METHODE ELECTRONICS INC
For the period ended Aug 2, 2025. Filed Sep 9, 2025.
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Aug 2, 2025 · Filed Sep 9, 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
On June 13, 2024, the Board of Directors approved a share buyback authorization, commencing on June 17, 2024, for the purchase of up to $200.0 million of our outstanding common stock through June 17, 2026 (the “2024 Buyback Authorization”). Purchases under the 2024 Buyback Authorization may be made on the open market, including pursuant to purchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, or in private transactions. We have not made any purchases under the 2024 Buyback Authorization.
The following table provides information about our purchases of equity securities during the three months ended August 2, 2025.
| 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) |
|---|---|---|---|---|
| May 4, 2025 through May 31, 2025 | 57,208 | $6.74 | — | $200.0 |
| June 1, 2025 through July 5, 2025 | — | $— | — | $200.0 |
| July 6, 2025 through August 2, 2025 | 7,986 | $6.48 | — | $200.0 |
| (1) Represents 65,194 shares of common stock that were surrendered by employees to satisfy tax withholding obligations in connection with the vesting of restricted stock units. | ||||
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