QUAKER CHEMICAL CORP 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities. The following table sets forth information concerning shares of the Company’s common stock acquired by the Company during the period covered by this Report: Period (a) Total Number of Shares Purchased (1)(2) (b) Average Price Paid Per Share (1)(2) (c) Total Number of Shares Purchased as part of Publicly Announced Plans or Programs (2) (d) Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (2) April 1 - April 30 — $ — — $ 150,000,000 May 1 - May 31 139 $ 184.92 — $ 150,000,000 June 1 - June 30 50,745 $ 170.47 49,000 $ 141,646,305 Total 50,884 $ 170.50 49,000 $ 141,646,305 (1) 1,884 of these shares were acquired from employees related to the surrender of Quaker Chemical Corporation shares in payment of the vesting of restricted stock awards or units. The price paid for shares acquired from employees pursuant to employee benefit and share-based compensation plans is based on the closing price of the Company’s common stock on the date of vesting as specified by the plan pursuant to which the applicable option, restricted stock award, or restricted stock unit was granted. (2) On February 28, 2024, the Board of Directors of the Company approved, and the Company announced, a share repurchase program, pursuant to which the Company is authorized to repurchase up to $150,000,000 of Quaker Chemical Corporation common stock (the “2024 Share Repurchase Program”), and it has no expiration date. The number of shares to be repurchased and the timing of such transactions will depend on a variety of factors, including market conditions. Limitation on the Payment of Dividends The Credit Facility has certain limitations on the payment of dividends and other so-called restricted payment covenants. See Note 14 of Notes to Condensed Consolidated Financial Statements, in Part I, Item 1, of this Report.