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) At its December 2023 meeting, the Board approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to 2,697,000 shares of the Company’s common stock, in accordance with securities and banking laws and regulations, during the twelve-month period starting January 1, 2024. Any repurchased shares will be used for general corporate purposes, including those related to stock plan activities. The timing and extent of repurchases will depend on market conditions and other corporate considerations as determined at the Company’s discretion.
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Table of Contents
The following table presents stock purchases made during the first quarter of 2024:
Issuer Purchases of Equity Securities
Total
Total Number of Shares
Maximum Number of
Number of
Average
Purchased as Part of
Shares That May Yet Be
Shares
Price Paid
Publicly Announced
Purchased Under the Plans
Period
Purchased
Per Share
Plans or Programs
or Programs
January 1-31, 2024
1,083
$
50.10
0
2,697,000
February 1-29, 2024
145,000
45.39
145,000
2,552,000
March 1-31, 2024
605,000
46.08
605,000
1,947,000
Total (1)
751,083
$
45.96
750,000
(1) Included in the common shares repurchased were 1,083 shares acquired by the Company in connection with the administration of a deferred compensation plan. These shares were not repurchased as part of the publicly announced repurchase plan described above.
Item 3. Defaults Upon Senior Securities
Not applicable.
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.