Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
During the three months ended June 26, 2021, we purchased shares of our common stock as follows:
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs (4)
Maximum
Number
(or Approximate
Dollar Value)
of Shares that
May Yet Be Purchased
Under the Plans or Programs (4)
March 28, 2021 through April 24, 2021 (1)
66,026
$
105.53
64,738
$
196,555,408
April 25, 2021 through May 22, 2021 (2)
96,477
$
100.74
96,000
$
186,885,928
May 23, 2021 through June 26, 2021 (3)
105,224
$
101.48
105,151
$
176,215,541
Total
267,727
265,889
$
176,215,541
(1)
Includes 306 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of restricted stock awards (“RSAs”) during the period. The RSAs were granted to participants in prior periods pursuant to our 2018 Stock Option and Stock Incentive Plan (the “2018 Plan”). Also includes 982 shares purchased from the Dorman Products, Inc. 401(k) Plan and Trust (as described in Note 9, Common Stock Repurchases, to the Notes to Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q) (the “401(k) Plan”).
(2)
Includes 477 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of RSAs and restricted stock units (“RSUs” during the period. The RSAs and RSUs were granted to participants in prior periods pursuant to the 2018 Plan.
(3)
Includes 73 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of RSAs and RSUs during the period. The RSAs were granted to participants in prior periods pursuant to the 2008 Stock Option and Stock Incentive Plan and the RSUs were granted in prior periods pursuant to the 2018 Plan.
(4)
On December 12, 2013 we announced that our Board of Directors authorized a share repurchase program, authorizing the repurchase of up to $10 million of our outstanding common stock by the end of 2014. Through several expansions and extensions, our Board of Directors has expanded the program to $500 million and extended the program through December 31, 2022. Amounts shown assume that the program expansion was effective at the beginning of the period indicated. Under this program, share repurchases may be made from time to time depending on market conditions, share price, share availability and other factors at our discretion.
ITEM 3. Defaults Upon Senior Securities
None
ITEM 4. Mine Safety Disclosures
Not Applicable
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