Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 102

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 3
Chunk 102
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, 2024 - January 31, 2025— $— — $— February 1, 2025 - February 28, 2025— — — — March 1, 2025 - March 29, 2025621,643 8.02 621,643 16.3 Total621,643 $8.02 621,643 $16.3 

(1)On February 28, 2024, the Company announced that the Board of Directors authorized a share repurchase program, pursuant to which the Company is authorized to purchase up to $100.0 million of its common stock. The repurchase authorization does not have an expiration date and may be terminated by the Company’s Board of Directors at any time. There were 621,643 shares repurchased as part of our publicly announced share repurchase program during the three month period ended March 29, 2025.

(2)The share price paid per share is exclusive of $0.1 for the three month period ended March 29, 2025 of commission and excise taxes associated with the share repurchase transactions. 

The Inflation Reduction Act of 2022 imposes a 1% excise tax on share repurchases in excess of issuances, which is effective for Company repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock.

Item 3.    Defaults upon Senior Securities.

None.

Item 4.    Mine Safety Disclosures.

Not applicable.

Item 5.    Other Information.

Equity Trading Plan Elections

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(c) Certain executive officers and directors of the Company may execute purchases and sales of the Company’s common stock through 10b5-1 and non-Rule 10b5-1 equity trading plans. 

During the three month period ended March 29, 2025, none of our executive officers or directors (as defined in Section 16 of the Securities Exchange Act of 1934, as amended), adopted, terminated, or modified a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of Regulation S-K).

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Item 6.    Exhibits.

Exhibit NumberDescription3.1Second Amended and Restated Certificate of Incorporation of Janus International Group, Inc., filed with the Secretary