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The stock repurchase authorization remains effective until terminated by our Board of Directors which may occur at any time, subject to the parameters of any Rule 10b5-1 automatic trading plan that we may then have in effect.
−Removed: In the first quarter of 2024, we repurchased 906,000 shares at an average price of $82.22 per share and at a total cost of $74.5 million.
−Removed: As of March 31, 2024, there were 4,595,462 shares remaining on the existing repurchase authorization.
+Added: In the second quarter of 2024, we repurchased 928,000 shares at an average price of $84.77 per share and at a total cost of $78.7 million.
+Added: As of June 30, 2024, there were 3,667,462 shares remaining on the existing repurchase authorization.
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that may yet be Purchased Under the Plans or Programs
−Removed: January 1 - January 31, 2024 344,000 $ 80.84 344,000 5,157,462
−Removed: February 1 - February 29, 2024 277,000 79.98 277,000 4,880,462
−Removed: March 1 - March 31, 2024 285,000 86.05 285,000 4,595,462
+Added: April 1 - April 30, 2024 310,000 $ 86.78 310,000 4,285,462
+Added: May 1 - May 31, 2024 333,000 84.81 333,000 3,952,462
+Added: June 1 - June 30, 2024 285,000 82.53 285,000 3,667,462
The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.