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 October 30, 2024, our board of directors authorized the repurchase of an additional 1.4 million shares of our common stock. This is the most recent authorization under our 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 2025, we repurchased 482,700 shares under the Program at a cost of $53.9 million, or an average of $111.63 per share. Set forth below is information regarding the Company's share repurchases under the Program during the first quarter ended March 31, 2025.
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, 2025 - January 31, 2025 250,000 $ 120.51 250,000 1,558,216
February 1, 2025 - February 28, 2025 80,000 105.27 80,000 1,478,216
March 1, 2025 - March 31, 2025 152,700 100.43 152,700 1,325,516
Total 482,700 $ 111.63 482,700 1,325,516
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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