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 second quarter ended June 30, 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
April
April 1, 2025 through April 30, 2025
—
$
—
—
3,948,971
May
May 1, 2025 through May 31, 2025
484,246
53.20
484,246
3,464,725
June
June 1, 2025 through June 30, 2025
399,356
55.74
399,356
3,065,369
Total
883,602
$
54.35
(1) Our stock repurchase program, which was approved by our Board of Directors and publicly announced on July 24, 2024, authorizes us to repurchase up to 4.5 million shares of our outstanding common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with U.S. federal securities laws. We repurchased a total of 883,602 shares during the periods indicated above under this program and 3,065,369 shares remained available to repurchase as of June 30, 2025. Our stock repurchase program has no expiration date and may be terminated by our 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.
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.