Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table sets forth the purchases and redemptions of Choice Hotels International, Inc. common stock made by the Company during the nine months ended September 30, 2024. Refer to the Liquidity and Capital Resources section of "Management's Discussion and Analysis of Financial Condition and Results of Operations" for more information.
Month Ending Total Number of
Shares Purchased
or Redeemed Average Price
Paid per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (1)
Maximum Number of
Shares that may yet be
Purchased Under the Plans
or Programs, End of Period
January 31, 2024 — $ — — 1,763,472
February 29, 2024 — — — 1,763,472
March 31, 2024 (2)
494,910 122.39 382,374 6,381,098
April 30, 2024 1,124,226 121.00 1,124,226 5,256,872
May 31, 2024 603,342 118.52 601,707 4,655,165
June 30, 2024 222,864 125.82 222,864 4,432,301
July 31, 2024 160,879 122.72 160,879 4,271,422
August 31, 2024 163,456 123.79 162,687 4,108,735
September 30, 2024 128,594 129.97 128,594 3,980,141
Total 2,898,271 $ 121.74 2,783,331 3,980,141
(1) During the nine months ended September 30, 2024, the Company redeemed 114,940 shares of common stock from employees to satisfy the option price and the minimum tax-withholding requirements related to the exercising of options and the vesting of performance vested restricted stock units and restricted stock grants. These redemptions were not part of the share repurchase program.
(2) On March 11, 2024, the Company's board of directors approved an increase of 5.0 million shares in the number of shares authorized to be repurchased under its share repurchase program.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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