Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 64

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 5
Chunk 64
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1)    There were 23,004 shares purchased during the quarterly period ended December 31, 2024 that were not part of the publicly announced share repurchase program. These shares were surrendered by stock-based compensation plan participants to satisfy tax withholding obligations arising from the exercise of stock-settled stock appreciation rights and vesting of restricted stock units.

(2)    On June 1, 2022, Wesco announced that its Board of Directors authorized, on May 31, 2022, the repurchase of up to $1 billion of the Company’s common stock and 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 months ended December 31, 2024, the Company entered into spot repurchase transactions through a broker to purchase 240,551 shares of its common stock in the open market for cash totaling $50.0 million. Wesco funded the repurchases with available cash and borrowings under its accounts receivable securitization and revolving credit facilities.

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Table of Contents

Company Performance. The following stock price performance graph illustrates the five-year cumulative total return on an investment in Wesco International, a 2024 Performance Peer Group, and the Russell 2000 Index. The graph covers the period from December 31, 2019 to December 31, 2024, and assumes that the value for each investment was $100 on December 31, 2019, and that all dividends were reinvested.

2024 Performance Peer Group:Applied Industrial Technologies, Inc.Fastenal CompanyRexel SAArrow Electronics, Inc.Genuine Parts CompanyRockwell Automation, Inc.Avnet, Inc.Hubbell, Inc.W.W. Grainger, Inc.Barnes Group Inc.MRC Global, Inc.Eaton Corporation PlcMSC Industrial Direct Co., Inc.