EVI INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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Dec 31, 2024 · Filed Feb 10, 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
The Company does not have in place any formal share repurchase plan or program. Upon request by a recipient of awards granted under the Company’s equity incentive plan, the Company may issue shares upon the vesting of restricted stock awards or restricted stock units or the grant of stock awards net of the statutory tax withholding requirements that the Company pays on behalf of its employees. For financial statement purposes, the shares withheld are treated as being repurchased by the Company and are reflected as repurchases in the Company’s condensed consolidated statements of cash flows and shareholders’ equity as they reduce the number of shares that would have been issued. The following table provides information concerning shares of the Company’s common stock treated as repurchased during the quarter ended December 31, 2024 in connection with the issuance of shares upon the vesting of restricted stock awards or restricted stock units net of statutory tax withholding requirements:
| Period | Total Number of Shares Purchased | Average Price Per Share | Total Number of Shares Purchased as a Part of Publicly Announced Programs | Maximum Number of Shares That May Yet Be Purchased Under the Program |
|---|---|---|---|---|
| October 1 – October 31, 2024 | 17,816 | $19.35 | — | — |
| November 1 – November 30, 2024 | 3,810 | 18.72 | — | — |
| December 1 – December 31, 2024 | 655 | 18.81 | — | — |
| Total | 22,281 | $19.23 | — | — |
During the quarter ended December 31, 2024, the Company did not repurchase any shares other than shares treated as repurchased upon the vesting of restricted stock awards or restricted stock units net of statutory tax withholding requirements as described and set forth above.
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