Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS:
The following table summarizes the Company’s purchases of its common stock for the three months
ended April 30, 2022:
ISSUER
PURCHASES
OF EQUITY
SECURITIES
Total Number of
Maximum Number
Shares Purchased as
(or Approximate Dollar
Total Number
Average
Part of Publicly
Value)
of Shares that may
of Shares
Price Paid
Announced Plans or
Yet be Purchased
Under
Period
Purchased
per Share (1)
Programs (2)
The Plans or Programs (2)
February 2022
70,967
$
16.61
70,967
March 2022
327,897
15.01
327,897
April 2022
211,064
14.50
211,064
Total
609,928
$
15.02
609,928
840,119
(1)
Prices include trading costs.
(2)
As of January
29, 2022, the
Company’s share
repurchase program had
450,047 shares remaining
in
open
authorizations.
The
Board
of
Directors
authorized
an
additional
1,000,000
shares
for
repurchase under
the
program at
its
February 24,
2022 meeting.
During the
first
quarter ended
April
30,
2022,
the
Company
repurchased
and
retired
609,928
shares
under
this
program
for
approximately $9,161,613 or an
average market price of
$15.02 per share.
As of April 30,
2022,
the
Company
had
840,119
shares
remaining
in
open
authorizations.
There
is
no
specified
expiration date for the Company’s repurchase program.
ITEM 3.
DEFAULTS
UPON SENIOR SECURITIES:
Not Applicable
THE CATO CORPORATION
PART
II OTHER
INFORMATION
28
ITEM 4.
MINE SAFETY DISCLOSURES:
Not Applicable
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.