Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 85

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 85
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 30, 2025194,238 $171.72 Wesco recognized $10.7 million and $6.8 million of non-cash stock-based compensation expense for the three months ended September 30, 2025 and 2024, respectively, and $29.3 million and $19.6 million of non-cash stock-based compensation expense for the nine months ended September 30, 2025 and 2024, respectively, which is included in selling, general and administrative expenses for such periods. As of September 30, 2025, there was $73.3 million of total unrecognized compensation expense related to unvested stock-based compensation arrangements for all awards previously made, which is expected to be recognized as follows:For the year ending December 31,(In millions)Remaining 2025$11.1 202634.9 202723.0 20284.3 

7. STOCKHOLDERS’ EQUITY

Share RepurchasesOn May 31, 2022, the Company’s Board of Directors adopted a resolution authorizing the repurchase of up to $1 billion of the Company’s common stock and 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”). The share repurchase authorization has no expiration date and may be modified, suspended, or terminated at any time without prior notice.During the three and nine months ended September 30, 2025, the Company entered into spot repurchase transactions through a broker to purchase 119,042 and 419,570 shares, respectively, of its common stock in the open market for cash totaling $25.3 million and $75.8 million, respectively, including excise taxes. Wesco funded the repurchases with available cash and borrowings under its accounts receivable securitization and revolving credit facilities. During the three and nine months ended September 30, 2024, the Company entered into spot repurchase transactions through a broker to purchase 161,614 and 2,183,937 shares, respectively, of its common stock in the open market for cash totaling $25.3 million and $378.8 million, respectively, including excise taxes. Wesco funded the repurchases with available cash and borrowings under its accounts receivable securitization and revolving credit facilities.Series A Preferred Stock RedemptionOn February 13, 2025, the Company's Board of