Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table summarizes the share repurchase activity for the six months ended June 30, 2024:
Total Number of Shares
Purchased (1)
Average Price Paid Per Share Total Number of Shares
Purchased as
Part of Publicly Announced Plans or
Programs (2)
Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be
Purchased Under the
Plans or Programs (2)(3)
January 1-31, 2024 504 $ 140.87 504 $ 92,895,219
February 1-29, 2024 35,618 $ 144.07 35,618 $ 89,872,019
March 1-31, 2024 — $ — — $ 89,872,019
First Quarter 36,122 36,122
April 1-30, 2024 72 $ 152.79 72 $ 95,300,929
May 1-31, 2024 — $ — — $ 95,300,929
June 1-30, 2024 — $ — — $ 95,300,929
Second Quarter 72 72
Total 36,194 36,194
(1) The Company repurchased (withheld) shares from employees solely in connection with the tax settlement of vested shares and/or exercised stock options under the Company's omnibus incentive plan.
(2) Our Board of Directors has approved a stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 3,139,300 shares have been purchased. Other than shares withheld for tax purposes, as described in footnote 1 above, no share repurchases were made under the Company's stock repurchase program during the three and six months ended June 30, 2024. There is no expiration for this program.
(3) Dollar amounts in this column equal the number of shares remaining available for repurchase under the stock repurchase program as of the last date of the applicable month multiplied by the monthly average price paid per share.
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