Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On May 4, 2018, the Company announced that the Board authorized a share repurchase program of up to $75 million of the Company’s common stock. On February 22, 2019, the Company announced that the Board authorized a share repurchase program of up to an additional $75 million of the Company's common stock, which was in addition to the remaining capacity authorized under the May 2018 share repurchase program. On February 17, 2023, the Company announced that the Board authorized a share repurchase program of up to an additional $75 million of the Company's common stock, which was in addition to the remaining capacity available under the previously approved share repurchase program. Repurchases may be made from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act, including through the use of trading plans intended to qualify under Rule 10b5-1 of the Exchange Act. The size and timing of these repurchases will depend on pricing, market and economic conditions, legal and contractual requirements and other factors. The repurchase program has no expiration date and may be modified, suspended or discontinued at any time.
The below table sets forth the repurchases of Company common stock, by month, for the quarter ended September 30, 2023. During the quarter ended September 30, 2023, 261,884 shares were purchased under our share repurchase program an d 5,075 share s were withheld to cover tax withholding obligations in connection with the vesting of equity awards.
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 Plan Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan
July 2023 97,215 $ 36.54 97,215 $ 82,074,017
August 2023 (1) 77,483 35.34 72,408 79,503,677
September 2023 92,261 31.26 92,261 76,619,954
Total 266,959 $ 34.37 261,884
(1) Total number of shares purchased includes 5,075 shares covering tax withholding obligations in connection with the vesting of equity awards
During the period October 1, 2023 through October 27, 2023, we repurchased an additional 101,387 shares at a weighted average market price of $29.07 per share primarily under the currently authorized repurchase program.
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