Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table provides information about shares of common stock acquired or repurchased during the three months ended September 30, 2024 under the stock repurchase program then in effect, as well as common stock withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units.
Period Total
number
of shares
purchased (1)
Average
price
paid
per
share Total number
of shares
purchased as
part of
publicly
announced
plans or
programs Approximate
dollar value
of shares
that may yet
be purchased
under the
plans or
programs
(in thousands) (2)
Beginning balance, July 1, 2024 $ 259,716
July 1, 2024 through July 31, 2024 — $ — — 800,000
August 1, 2024 through August 31, 2024 648,013 76.16 628,602 752,116
September 1, 2024 through September 30, 2024 179,172 83.31 179,172 737,188
Total 827,185 $ 77.71 807,774 $ 737,188
(1) Includes 19,411 shares in August withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards and units. The level of this acquisition activity varies from period to period based upon the timing of award grants and vesting.
(2) In July 2024, our Board of Directors reauthorized, expanded and replenished our stock repurchase program by raising the total capacity under the program from $500.0 million to $800.0 million available for repurchases. The program does not have an expiration date.
Third Quarter 2024 Form 10-Q
53
Table of Contents
Blackbaud, Inc.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.