Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET
FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is traded on the New York Stock
Exchange under the symbol “WT.” As of December 31, 2024, there were 28 holders of record of shares of our common stock and
we believe there were approximately 45,000 beneficial owners of our common stock.
In November 2014, we commenced a quarterly cash
dividend and intend to continue to pay regular dividends to our stockholders. Any determination as to the payment of dividends, as well
as the level of such dividends, will depend on, among other things, general economic and business conditions, our level of AUM, our strategic
plans, our financial results and condition, limitations associated with new credit facilities or other agreements that could limit the
amount of dividends we are permitted to pay, and any applicable laws.
Issuer Purchases of Equity Securities
The following table provides information with
respect to purchases made by or on behalf of the Company or any “affiliated purchaser” of shares of our common stock as part
of publicly announced plans or programs.
On February 24, 2025, our Board of Directors approved an increase of $129.2 million
to our share repurchase program, bringing the total authorization to $150.0 million, and extended the program’s term for three years
through April 27, 2028. Prior to this approval, as of December 31, 2024, approximately $33.5 million remained available under the program
for future purchases, and no shares were repurchased during the three months ended December 31, 2024.
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Total Number
of Shares
Purchased
Average Price
Paid Per Share
Total Number of
Shares Purchased
as
Part of Publicly
Announced Plans
or Programs
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs
Period
(in thousands)
October 1, 2024 to October 31, 2024
—
$ —
—
November 1, 2024 to November 30, 2024
—
$ —
—
December 1, 2024 to December 31, 2024
—
$ —
—
Total
—
$ —
—
$ 33,536
In addition, on August 13, 2024, we repurchased
all of our then-outstanding Series A Non-Voting Convertible Preferred Stock (the “Series A Preferred Stock”), which was convertible
into 14,750,000 shares of our common stock, from ETFS Capital Limited, or ETFS Capital, for aggregate cash consideration of approximately
$143.8 million. See Note 11 to our Consolidated Financial Statements for additional information.
ITEM 6. [RESERVED]
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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.