VALMONT INDUSTRIES INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Purchases of Equity Securities by the Issuer and Affiliated Purchasers ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Approximate Dollar ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ Value of Shares That ​ ​ Total Number ​ Average ​ as Part of Publicly ​ May Yet Be Purchased ​ ​ of Shares ​ Price Paid ​ Announced Plans ​ Under the Plans Periods Purchased per Share or Programs or Programs (1) June 30, 2024 to July 27, 2024 — ​ $ — — ​ $ 121,168,000 July 28, 2024 to August 31, 2024 133,500 ​ ​ 285.87 133,500 ​ ​ 82,999,000 September 1, 2024 to September 28, 2024 7,062 ​ 277.53 7,062 ​ 81,039,000 Total 140,562 ​ $ 285.45 140,562 ​ $ 81,039,000 (1) In May 2014, we announced a new capital allocation philosophy that covered a share repurchase program. The Board of Directors at that time authorized the purchase of up to $500.0 million of the Company’s outstanding common stock from time to time over the next twelve months at prevailing market prices through open market or privately negotiated transactions. In February 2015 and again in October 2018, the Board of Directors authorized an additional purchase of up to $250.0 million of the Company’s outstanding common stock with no stated expiration date. In February 2023, the Board of Directors increased the amount remaining under the program by an additional $400.0 million, with no stated expiration date, bringing the total authorization to $1,400.0 million. As of September 28, 2024, we have acquired 8,191,696 shares for approximately $1,319.0 million under this share repurchase program. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.