Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Purchase of Equity Securities by the Issuer and Affiliated Purchasers
On July 28, 2022, our board of directors authorized the repurchase of an additional 1.5 million shares of our common stock. This increase was in addition to the remaining authorized shares under our prior common stock repurchase program that was authorized on February 25, 2015 (the Program). Share repurchases may be made on an opportunistic basis, through open market transactions, privately negotiated transactions, or by other means in accordance with applicable federal securities laws. During first quarter 2024, we repurchased 205,938 shares under the Program at a cost of $27.0 million, or an average of $130.97 per share. Set forth below is information regarding the Company's share repurchases during the first quarter ended March 31, 2024.
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs The Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs
January 1, 2024 - January 31, 2024 — $ — — 1,921,311
February 1, 2024 - February 29, 2024 85,711 131.12 85,711 1,835,600
March 1, 2024 - March 31, 2024 120,227 130.86 120,227 1,715,373
Total 205,938 $ 130.97 205,938 1,715,373
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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