Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
PURCHASES OF EQUITY SECURITIES BY THE ISSUER
Since the inception of our share repurchase program in 2004 through March 31, 2024, 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 March 31, 2024, we had repurchased 34.7 million shares at an aggregate purchase price of $ 1,704.8 million, and had $ 295.2 million remaining available, excluding excise tax.
The following is a summary of our common stock repurchases, excluding excise tax, during the quarter ended March 31, 2024:
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)
January 1, 2024 through January 31, 2024
2,153 $ 74.53 2,153 $ 345.2
February 1, 2024 through February 29, 2024
253,900 $ 79.02 253,900 $ 325.1
March 1, 2024 through March 31, 2024
375,415 $ 79.76 375,415 $ 295.2
Total 631,468 $ 79.45 631,468 $ 295.2
COLUMBIA SPORTSWEAR COMPANY | Q1 2024 FORM 10-Q | 39
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