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 first quarter ended March 31, 2025.
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
January
January 1, 2025 through January 31, 2025
—
$
—
—
4,702,308
February
February 1, 2025 through February 28, 2025
533,720
75.77
533,720
4,168,588
March
March 1, 2025 through March 31, 2025
219,617
68.85
219,617
3,948,971
Total
753,337
$
73.76
(1) Our current stock repurchase program, authorized by our Board of Directors in 2024, authorizes us to repurchase up to 4.5 million shares of our outstanding common stock under the program. We repurchased 753,337 shares during the period indicated above under this current and our previous stock repurchase programs and 3,948,971 shares remained available to repurchase under our current program as of March 31, 2025. Under the terms of our stock repurchase program, shares of our common stock 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. The program has no expiration date and may be terminated by the Board of Directors at any time.
(2) The Inflation Reduction Act of 2022 imposes 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.
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