Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a)
Not applicable.
(b)
Not applicable.
(c) Stock Repurchases. The Company’s Board of Directors approved its fifth stock repurchase program in December 2021 pursuant to which the Company may repurchase from time to time up to seven percent of the Company’s common stock, or approximately 747,000 shares (in addition to the 657 shares that remained available for repurchase under the Company’s prior stock repurchase program at that date) through open market purchases, privately-negotiated transactions, pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase program terminates on January 29, 2023, unless completed sooner. The timing, volume and price of purchases are made at our discretion, and are contingent upon our overall financial condition, as well as general market conditions. The stock repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time . The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended June 30, 2022:
Total number of
Total
Average
shares purchased
Maximum number of
number of
price
as part of
shares that September yet be
shares
paid
publicly announced
purchased under the
purchased
per share
plans or programs
plans or programs
April 1, 2022 - April 30, 2022
63,793
$
21.79
63,793
621,562
May 1, 2022 - May 31, 2022
76,251
21.91
76,251
545,311
June 1, 2022 - June 30, 2022
65,000
21.35
65,000
480,311
205,044
$
21.69
205,044
Item 3. Defaults of Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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