CALERES INC 10-Q

ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS The following table provides information relating to our repurchases of common stock during the second quarter of 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number ​ Maximum Number ​ ​ ​ ​ ​ ​ ​ Purchased as Part ​ of Shares that May ​ ​ Total Number of ​ ​ ​ ​ of Publicly ​ Yet be Purchased ​ ​ Shares ​ Average Price Paid ​ Announced ​ Under the Fiscal Period Purchased (1) ​ per Share (1) Program (2) Program (2) April 30, 2023 - May 27, 2023 — ​ $ — — 6,367,379 ​ ​ ​ ​ ​ ​ May 28, 2023 - July 1, 2023 763,205 ​ 22.86 763,000 5,604,379 ​ ​ ​ July 2, 2023 - July 29, 2023 — ​ — — 5,604,379 Total 763,205 ​ $ — 763,000 5,604,379 (1) Includes shares that are tendered by employees related to certain share-based awards to satisfy tax withholding amounts for restricted stock awards. The average price per share on repurchases of our common stock excludes the cost of broker commissions. No excise taxes were due on the Company’s share repurchases during the twenty-six weeks ended July 29, 2023 under the provisions of the Inflation Reduction Act of 2022. (2) On September 2, 2019, the Board of Directors approved a stock repurchase program ("2019 Program") authorizing the repurchase of 5,000,000 shares of our outstanding common stock. In addition, on March 10, 2022, the Board of Directors approved a stock repurchase program ("2022 Program") authorizing the repurchase of an additional 7,000,000 shares of our outstanding common stock. We can use ​ 37 Table of Contents the repurchase programs to repurchase shares on the open market or in private transactions. Under the 2022 Program, the Company repurchased 763,000 shares during the thirteen and twenty-six weeks ended July 29, 2023. During the thirteen and twenty-six weeks ended July 30, 2022, the Company repurchased 1,083,496 and 1,784,820 shares, respectively, under these programs. As of July 29, 2023, there were 5,604,379 shares authorized to be repurchased under the 2022 Program. Our repurchases of common stock are limited under our revolving credit agreement. ​ ITEM 3 DEFAULTS UPON SENIOR SECURITIES None. ​ ITEM 4 MINE SAFETY DISCLOSURES Not applicable. ​