AMPHENOL CORP /DE/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ Repurchase of Equity Securities ​ On April 27, 2021, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Class A Common Stock (“Common Stock”) during the three-year period ending April 27, 2024 (the “2021 Stock Repurchase Program”) in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). During the three months ended June 30, 2023, the Company repurchased 2.0 million shares of its Common Stock for $153.6 million under the 2021 Stock Repurchase Program. All of the repurchased shares during the three months ended June 30, 2023 have been retired by the Company. From July 1, 2023 to July 25, 2023, the Company repurchased 0.5 million additional shares of its Common Stock for $39.4 million, and, as of July 26, 2023, the Company has remaining authorization to purchase up to $451.8 million of its Common Stock under the 2021 Stock Repurchase Program. The price and timing of any future purchases will depend on a number of factors, such as levels of cash generation from operations, the volume of stock options exercised by employees, cash requirements for acquisitions, dividends paid, economic and market conditions and the price of the Common Stock. ​ The table below reflects the Company’s stock repurchases for the three months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Maximum Dollar (dollars in millions, except price per share) ​ ​ ​ ​ ​ ​ Shares Purchased as ​ Value of Shares ​ ​ Total Number ​ Average ​ Part of Publicly ​ that May Yet be ​ ​ of Shares ​ Price Paid ​ Announced Plans or ​ Purchased Under the Period Purchased per Share Programs Plans or Programs April 1 to April 30, 2023 600,200 $ 78.10 600,200 $ 597.8 ​ May 1 to May 31, 2023 731,044 ​ 75.19 731,044 542.9 ​ June 1 to June 30, 2023 651,712 ​ 79.35 651,712 $ 491.1 ​ Total 1,982,956 $ 77.44 1,982,956 ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities ​ None. ​ Item 4. Mine Safety Disclosures ​ Not Applicable. ​