Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
The following table summarizes the number of shares of our common stock that were purchased by us during each of the three fiscal months in our third quarter ended September 30, 2023.
Total number of shares purchased (1)
Average price paid per share (2)
Total number of shares purchased as part of publicly announced plans or programs
Maximum number of shares that may yet be purchased under the plans or programs
July
July 1, 2023 through July 31, 2023
—
$
—
—
1,477,817
August
August 1, 2023 through August 31, 2023
104,479
69.51
104,479
1,373,338
September
September 1, 2023 through September 30, 2023
143,328
69.69
143,328
1,230,010
Total
247,807
$
69.61
(1) On November 6, 2018, our Board of Directors authorized a stock repurchase program, under which we may repurchase up to 4,500,000 shares of our outstanding common stock. Under the terms of the program, the shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws. This program has no expiration date but may be terminated by the Board of Directors at any time. We repurchased 247,807 shares during the period indicated above under this program and 1,230,010 shares remained available to repurchase under this program as of September 30, 2023.
(2) The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. All dollar amounts presented exclude such excise taxes, as applicable.
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.