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 March 26, 2022, 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)
December 26, 2021 through January 22, 2022 (1)
29,406
$
108.63
19,200
$
143,515,125
January 23, 2022 through February 19, 2022 (2)
38,180
$
93.23
35,400
$
140,224,502
February 20, 2022 through March 26, 2022 (3)
53,723
$
95.85
43,750
$
136,036,866
Total
121,309
98,350
$
136,036,866
(1)
Includes 222 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 2008 Stock Option and Stock Incentive Plan (the “2008 Plan”). Also includes 9,984 shares purchased from the Dorman Products, Inc. 401(k) Retirement Plan and Trust (the “401(k) Plan”) (as described in Note 12, “Common Stock Repurchases,” to the Notes to Condensed Consolidated Financial Statements).
( 2 )
Includes 2,780 shares purchased from the 401(k) Plan.
( 3 )
Includes 9,973 shares of our common stock withheld from participants for income tax withholding purposes in connection with the vesting of RSAs during the period. The RSAs were granted to participants in prior periods pursuant to the 2008 Plan and our 2018 Stock Option and Stock Incentive 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
22
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