Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In September 2021, our board of directors authorized the Company to purchase up to $500 million of the Company’s outstanding shares of common stock from time to time as market and business conditions warrant, including through open market purchases or Rule 10b5-1 trading plans. The repurchase program has no termination date and may be suspended or discontinued at any time
The following table summarizes the Company’s purchases of common stock under the share repurchase program during the quarter ended May 31, 2022:
Period Total number of shares
purchased Average price paid
per share Total number of shares purchased as
part of publicly announced program Maximum dollar amount that may yet be
purchased under the program (in thousands)
March 1, 2022 - March 31, 2022 — $ — — $ 474,905
April 1, 2022 - April 30, 2022 183,352 $ 155.88 183,352 $ 446,324
May 1, 2022 - May 31, 2022 183,352 $ 159.63 183,352 $ 417,055
Total 366,704 $ 157.76 366,704
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.