Janus International Group Inc
For the period ended Sep 28, 2024. Filed Nov 1, 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.
Sep 28, 2024 · Filed Nov 1, 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.
The following table sets forth repurchases of our common stock during the nine month period ended September 28, 2024:
| (amounts in millions, except share and per share data) | Total number of shares purchased(1) | Average price paid per share(2) | Total number of shares purchased as part of the publicly announced program | Approximate dollar value of shares that may yet to be purchased under program |
|---|---|---|---|---|
| December 31, 2023 - January 30, 2024 | — | $— | — | $— |
| January 31, 2024 - March 1, 2024 | — | — | — | — |
| March 2, 2024 - April 1, 2024 | 1,019,889 | 14.84 | 1,019,889 | 84.9 |
| April 2, 2024 - May 2, 2024 | — | — | — | — |
| May 3, 2024 - June 2, 2024 | — | — | — | — |
| June 2, 2024 - July 3, 2024 | 753,667 | 13.26 | 753,667 | 74.9 |
| July 4, 2024 - August 3, 2024 | — | — | — | — |
| August 4, 2024 - September 4, 2024 | 3,362,721 | 10.59 | 3,362,721 | 43.0 |
| September 5, 2024 - September 28, 2024 | 902,642 | 10.49 | 902,642 | 29.9 |
| Total | 6,038,919 | $11.61 | 6,038,919 | $29.9 |
(1)On February 28, 2024, the Company announced that the Board of Directors authorized a share repurchase program, pursuant to which the Company is authorized to purchase up to $100.0 million of its common stock. The repurchase authorization does not have an expiration date and may be terminated by the Company’s Board of Directors at any time. There were 4,265,363 and 6,038,919 shares repurchased as part of our publicly announced share repurchase program during the three and nine month periods ended September 28, 2024 respectively.
(2)The share price paid per share is exclusive of $0.5 and $0.8 for the three and nine month periods ended September 28, 2024, respectively, of commission and excise taxes associated with the share repurchase transactions.
The Inflation Reduction Act of 2022 imposes a 1% excise tax on share repurchases in excess of issuances, which is effective for Janus for repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock.
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