STURM RUGER & CO INC
For the period ended Mar 30, 2024. Filed May 7, 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 30, 2024 · Filed May 7, 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 |
Share repurchase activity during the three months ended March 30, 2024 was as follows. These purchases were funded with cash on hand.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program |
|---|---|---|---|---|
| January 1 to January 27 | 7,317 | $43.42 | 7,317 | |
| January 28 to February 24 | 20,307 | $42.93 | 20,307 | |
| February 25 to March 30 | 47,400 | $42.79 | 47,400 | |
| Total | 75,024 | $42.89 | 75,024 | $71,500,000 |
All of these purchases were made with cash held by the Company and no debt was incurred.
As of March 30, 2024, the Company was authorized by the Board of Directors to repurchase up to $100 million of the Company’s common stock under a share repurchase program announced on May 8, 2017, of which $28.5 million had been used and approximately $71.5 million remained authorized for share repurchases, in each case as of such date.
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