Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The following table sets out information regarding purchases of equity securities by the Company for the three months ended March 31, 2024:
Period 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 that may yet be purchased under the plans or programs
(in millions) (1)
January 1-31, 2024
1,872,028 $ 20.29 1,872,028 $ 56.9
February 1-29, 2024
1,496,174 21.82 1,496,174 24.3
March 1-31, 2024
162,706 22.49 162,706 20.6
Total 3,530,908 $ 21.04 3,530,908
(1) On December 20, 2023, we announced that our Board of Directors authorized the repurchase of up to $100.0 million of our common stock. Share repurchases are subject to a variety of factors, such as our stock price, the capital needs of our business, and economic and market conditions and may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase transactions, exchange transactions, or any combination of such methods. The program does not obligate us to repurchase any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at our discretion. We repurchased 3.5 million shares of common stock with an aggregate purchase price, excluding commissions, of $74.4 million under this program during the three months ended March 31, 2024. As of March 31, 2024, $20.6 million remained available to repurchase shares under the program.
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