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 fiscal quarter ended February 29, 2024:
Period Total number of shares
purchased (1), (2)
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)
December 1, 2024 - December 30, 2024 72,720 $ 96.00 65,995 $ 283,780
January 1, 2024 - January 31, 2024 88,483 $ 95.19 73,678 $ 276,721
February 1, 2024 - February 29, 2024 98,766 $ 84.90 97,432 $ 268,452
Total 259,969 $ 91.51 237,105
(1) Includes shares withheld upon the vesting of certain equity awards to satisfy tax withholding obligations.
(2) Includes shares repurchased as part of the Company’s share repurchase program initiated in September of 2021.
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