TWIN DISC INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   (a) Unregistered Sales of Equity Securities   There were no securities of the Company sold by the Company during the quarter ended September 30, 2022, which were not registered under the Securities Act of 1933, in reliance upon an exemption from registration provided by Section 4 (2) of the Act.   (b) Use of Proceeds   Not applicable.   (c) Issuer Purchases of Equity Securities   Issuer Purchases of Equity Securities   Period (a) Total Number of Shares Purchased (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs             July 1, – July 29, 2022   0 NA 0 315,000             July 30 – August 26, 2022   17,437 NA 0 315,000             August 27 – September 30, 2022   767 NA 0 315,000             Total   18,204 NA 0 315,000   The amounts shown in Column (a) above represent shares of common stock delivered to the Company as payment of withholding taxes due on the vesting of restricted stock and restricted stock units issued under the Twin Disc, Incorporated 2010 and 2018 Long-Term Incentive Compensation Plans.   Under authorizations granted by the Board of Directors on February 1, 2008 and July 27, 2012, the Company was authorized to purchase 500,000 shares of its common stock.  This authorization has no expiration, and as of September 30, 2022, 315,000 may yet be purchased under these authorizations. The Company did not purchase any shares of its common stock pursuant to these authorizations during the quarter ended September 30, 2022.   The discussion of limitations upon the payment of dividends as a result of the Credit Agreement between the Company and BMO Harris Bank, N.A., as discussed in Part I, Item 2, "Management's Discussion and Analysis " under the heading "Financial Condition, Liquidity and Capital Resources," is incorporated herein by reference.     Item 3. Defaults Upon Senior Securities   None.