VALMONT INDUSTRIES INC 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES. Our common stock is traded on the New York Stock Exchange under the symbol “VMI”. We had approximately 36,163 shareholders of common stock at December 31, 2022. Issuer Purchases of Equity Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ Approximate Dollar ​ ​ ​ ​ ​ ​ ​ as Part of ​ Value of Maximum ​ ​ Total Number ​ ​ ​ ​ Publicly ​ Number of ​ ​ of ​ ​ ​ Announced Plans ​ Shares that may yet ​ ​ Shares ​ Average Price ​ or ​ be Purchased under the Period Purchased paid per share Programs Program (1) September 25, 2022 to October 22, 2022 — ​ $ — — ​ $ 101,371,000 October 23, 2022 to November 26, 2022 26,995 ​ 328.93 26,995 ​ 92,523,000 November 27, 2022 to December 31, 2022 33,207 ​ 334.38 33,207 ​ 81,419,000 Total 60,202 ​ $ 331.94 60,202 ​ $ 81,419,000 ​ (1) On May 13, 2014, we announced a capital allocation philosophy which covered both the quarterly dividend rate as well as a share repurchase program. The Board of Directors at that time authorized the purchase of up to $500 million of the Company’s outstanding common stock from time to time over twelve months at prevailing market prices, through open market or privately-negotiated transactions. On February 24, 2015, and again on October 31, 2018, the Board of Directors authorized additional purchases of up to $250 million of the Company’s outstanding common stock with no stated expiration date bringing total authorization to $1.0 billion. As of December 31, 2022, we have acquired 6,613,018 shares for approximately $918.6 million under this share repurchase program. Subsequent to year end, on February 27, 2023, the Board of Directors increased the amount remaining under the program by an additional $400 million, with no stated expiration date. ​ 22 Table of Contents ITEM 6. [RESERVED] ​ ​