Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUI TY SECURITIES AND USE OF PROCEEDS
As of March 31, 2024, Wesbanco had one active stock repurchase plan. It was approved by the Board of Directors on February 24, 2022 for 3.2 million shares and provides for shares to be repurchased for general corporate purposes, which may include a subsequent resource for potential acquisitions, shareholder dividend reinvestment and employee benefit plans. The timing, price and quantity of purchases are at the discretion of Wesbanco, and the plan may be discontinued or suspended at any time. The plan has 1,019,136 shares remaining for repurchase.
Other repurchases in the first quarter included those for Wesbanco's Employee Stock Ownership and 401(k) Plan and dividend reinvestment plans.
The following table presents the monthly share purchase activity during the quarter ended March 31, 2024:
Period
Total Number
of Shares
Purchased
(1)
Average
Price Paid
per Share
Total Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans (2)
Maximum
Number of
Shares that
May Yet
Be Purchased
Under the
Plans
Balance at December 31, 2023
1,021,901
January 1, 2024 to January 31, 2024
31,369
$
31.45
—
1,021,901
February 1, 2024 to February 29, 2024
1,743
$
28.66
—
1,021,901
March 1, 2024 to March 31, 2024
5,821
$
29.83
2,765
1,019,136
Total
38,933
$
31.08
2,765
1,019,136
(1) Total shares purchased consist of open market purchases transacted in the KSOP for employee benefit and dividend reinvestment plans.
(2) Consists of open market purchases and shares purchased from employees for the payment of withholding taxes to facilitate a stock compensation transaction.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.