Superior Group Announces Trading Plan For $2.58M Stock Buyback, Effective December 20 To March 13, 2025
Superior Group Announces Trading Plan For $2.58M Stock Buyback, Effective December 20 To March 13, 2025
On December 20, 2024, Superior Group of Companies, Inc. (the "Company") entered into a 10b5-1 trading plan (the "Plan") for the purpose of repurchasing up to $2,580,000.00 in shares of the Company's outstanding common stock (the "Repurchase Limit") in accordance with the previously-announced share repurchase program authorized by the Company's Board of Directors on August 9, 2024. The Plan is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The Plan allows the Company to repurchase shares up to the Repurchase Limit commencing December 20, 2024 and ending on the earlier of the date on which the Repurchase Limit is reached, March 13, 2025, or other events specified in the Plan. Repurchases of common stock under the Plan will be administered through an independent broker and are subject to certain price, market, volume and timing constraints specified in the Plan.
2024年12月20日，Superior Group of Companies, Inc.（“公司”）签订了一项10b5-1交易计划（“计划”），目的是根据公司董事会于2024年8月9日批准的之前公告的股票回购方案，回购高达2,580,000.00美元的公司已发行普通股（“回购限额”）。该计划旨在遵守1934年证券交易法修订版的第10b5-1(c)条款。该计划允许公司自2024年12月20日起回购高达回购限额的股份，直到达到回购限额、2025年3月13日或计划中规定的其他事件的日期，较早者为准。根据该计划回购普通股将通过独立经纪人进行，并受到计划中规定的某些价格、市场、成交量和时间限制的约束。
