Item 2. Unregistered Sales of Equity Securities
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information relating to our repurchases of common stock during the first quarter of 2024:
Total Number
Maximum Number
Purchased as Part
of Shares that May
Total Number of
of Publicly
Yet be Purchased
Shares
Average Price Paid
Announced
Under the
Fiscal Period
Purchased (1)
per Share (1)
Program (2)
Program (2)
February 4, 2024 - March 2, 2024
340,000
$
35.69
340,000
5,264,379
March 3, 2024 - April 6, 2024
278,545
38.71
76,000
5,188,379
April 7, 2024 - May 4, 2024
—
—
—
5,188,379
Total
618,545
$
37.05
416,000
5,188,379
(1) Includes shares that are tendered by employees related to certain share-based awards to satisfy tax withholding amounts for restricted stock awards.
(2) On March 10, 2022, the Board of Directors approved a stock repurchase program ("2022 Program") authorizing the repurchase of 7,000,000 shares of our outstanding common stock. We can use the repurchase program to repurchase shares on the open market or in private transactions. During the thirteen weeks ended May 4, 2024, the Company repurchased 416,000 shares under the 2022 Program. The Company did not repurchase any shares under the program during the thirteen weeks ended April 29, 2023. As of May 4, 2024, there were 5,188,379 shares authorized to be repurchased. Our repurchases of common stock are limited under our revolving credit agreement.
ITEM 3 DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4 MINE SAFETY DISCLOSURES
Not applicable.
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.