LINCOLN ELECTRIC HOLDINGS INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer purchases of its common shares during the first quarter of 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ ​ Shares Maximum Number ​ ​ ​ ​ ​ ​ ​ Repurchased ​ of Shares that May ​ ​ Total Number of ​ ​ ​ ​ as Part of Publicly ​ Yet be Purchased ​ ​ Shares ​ Average Price ​ Announced Plans or ​ Under the Plans or Period ​ Repurchased ​ Paid Per Share ​ Programs ​ Programs (2) (3) January 1 - 31, 2023 51,971 (1) ​ $ 154.15 51,892 8,852,434 February 1 - 28, 2023 66,257 (1) ​ 172.23 44,631 8,807,803 March 1 - 31, 2023 75,595 (1) ​ 168.47 56,411 8,751,392 Total 193,823 ​ 165.91 152,934 ​ (1) The above share repurchases include the surrender of the Company’s common shares in connection with the vesting of restricted awards. (2) On April 20, 2016, the Company announced that the Board of Directors authorized a new share repurchase program, which increased the total number of the Company’s common shares authorized to be repurchased to 55 million shares. Total shares purchased through the share repurchase program were 55 million shares at a cost of $2.5 billion for a weighted average cost of $44.89 per share through March 31,2023 (3) On February 12, 2020, the Company’s Board of Directors authorized a new share repurchase program for up to an additional 10 million shares of the Company’s common stock. Total shares purchased through the share repurchase programs were 1.2 million shares at a total cost of $170.3 million for a weighted average cost of $136.43 per share through Ma rch 31, 2023 . ITEM 4. MINE SAFETY DISCLOSURES Not applicable. 32 Table of Contents ​