Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUI TY SECURITIES AND USE OF PROCEEDS
As of September 30, 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 972,298 shares remaining for repurchase.
Other repurchases in the third 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 September 30, 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 June 30, 2024
972,440
July 1, 2024 to July 31, 2024
33,597
$
28.58
142
972,298
August 1, 2024 to August 31, 2024
2,206
31.12
—
972,298
September 1, 2024 to September 30, 2024
1,398
29.64
—
972,298
Total
37,201
$
28.77
142
972,298
(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.