Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Purchases of Equity Securities by Issuer and Affiliated Purchasers
Pursuant to a stock repurchase program authorized by our board of directors, the Company may repurchase up to $200 million of its outstanding shares of class A common stock and/or preferred stock through various methods, including open market repurchases, negotiated block transactions, accelerated share repurchases, open market solicitations and Rule 10b5-1 plans. The stock repurchase program expires on June 30, 2023 and may be extended, modified, or discontinued at any time.
The following table presents information related to purchases of the Company's Series H, I and J preferred stock and class A common stock during the quarter ended September 30, 2022:
Period Total Number of Shares Purchased Weighted Average Price Paid Per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Program Maximum Approximate
Dollar Value that May
Yet Be Purchased
Under the Program
($ in thousands)
Preferred Stock Common Stock Preferred Stock Common Stock Preferred Stock Common Stock
July 1 through July 31, 2022 575,913 — $ 22.59 $ — 575,913 — $ 186,991
August 1 through August 31, 2022 1,652,892 — 23.98 — 1,652,892 — 147,352
September 1 through September 30, 2022 — 944,570 — 14.39 — 944,570 133,759
Total 2,228,805 944,570 $ 23.62 $ 14.39 2,228,805 944,570 $ 133,759
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Table of Contents
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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.