Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ISSUER PURCHASES OF EQUITY SECURITIES
Since the inception of our share repurchase program in 2004 through June 30, 2023, our Board of Directors has authorized the repurchase of $2.0 billion of our common stock, excluding excise tax. Shares of our common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate us to acquire any specific number of shares or to acquire shares over any specified period of time. Under this program as of June 30, 2023, we had repurchased 32.7 million shares at an aggregate purchase price of $1,549.3 million , and had $450.7 million remaining available, excluding excise tax.
The following is a summary of our common stock repurchases, excluding excise tax, during the quarter ended June 30, 2023:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
(in millions)
April 1, 2023 through April 30, 2023
110,900 $ 85.67 110,900 $ 504.1
May 1, 2023 through May 31, 2023
612,848 $ 80.95 612,848 $ 454.5
June 1, 2023 through June 30, 2023
50,100 $ 76.37 50,100 $ 450.7
Total 773,848 $ 81.33 773,848 $ 450.7
COLUMBIA SPORTSWEAR COMPANY | Q2 2023 FORM 10-Q | 45
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