Item 2. Unregistered Sales of Equity Securities
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds
Set forth below is information regarding our stock repurchases for the three months ended October 2, 2022 (in thousands, except per share amounts).
Period Total Number
of Shares
Purchased Average Price
Paid per
Share Total Number of shares Repurchased as Part of Publicly Announced Plans or Programs (1) Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
Balance at July 4, 2022 $ 148,441
July 4, 2022 through August 7, 2022 600 $ 55.74 600 115,000
August 8, 2022 through September 4, 2022 104 67.93 104 107,911
September 5, 2022 through October 2, 2022 462 63.33 462 78,664
Total 1,166 $ 59.84 1,166 $ 78,664
(1) In November 2018, our Board of Directors authorized a share repurchase program, which allows us to purchase up to $300.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable security laws and other regulations. This program is funded with cash on hand and cash flows from operating activities. The program does not have an expiration date and may be suspended at any time at the discretion of the Company. From inception of our program to the date of this filing, we have repurchased 4.5 million shares of our common stock for an aggregate cost of $235.0 million and an average price of $52.75. During the three months ended October 2, 2022 , we repurchased 1.2 million shares of our common stock for an aggregate cost of $69.8 million at an average price per share of $59.84. Subsequent to October 2, 2022, we repurchased 0.2 million shares of our common stock for an aggregate cost of $13.6 million at an average price per share of $62.85. As of the date of this filing, we had $65.0 million of authorizations remaining under the program.
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Item 6: Exhibits
Exhibits
Exhibit 31.1 Certificate of the Chief Executive Officer pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 31.2 Certificate of the Chief Financial Officer pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.1 Certificate of the Chief Executive Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 32.2 Certificate of the Chief Financial Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.
Exhibit 101.SCH Schema Document
Exhibit 101.CAL Calculation Linkbase Document
Exhibit 101.DEF Definition Linkbase Document
Exhibit 101.LAB Labels Linkbase Document
Exhibit 101.PRE Presentation Linkbase Document
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
BELDEN INC.
Date: November 7, 2022 By: /s/ Roel Vestjens
Roel Vestjens
President and Chief Executive Officer
Date: November 7, 2022 By: /s/ Jeremy Parks
Jeremy Parks
Senior Vice President, Finance, and Chief Financial Officer
Date: November 7, 2022 By: /s/ Douglas R. Zink
Douglas R. Zink
Vice President and Chief Accounting Officer
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.