Item 2. Unregistered Sales of Equity Securities
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
(c) ISSUER PURCHASES OF EQUITY SECURITIES
Period (a) Total Number of Shares (or Units) Purchased (1)
(b) Average Price
Paid Per Share (or
Unit) (c) Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Plans or Programs (1)
(d) Maximum Number (or
Approximate Dollar
Value) of Shares (or Units)
That May Yet Be
Purchased Under the
Plans or Programs (1)
January 1 - 31, 2024
478,079 (2)
$ 60.20 145,227
February 1 - 29, 2024
1,589,766 (3)
$ 65.22 1,578,197
March 1 - 31, 2024
110,279 (4)
$ 69.24 80,000
Total 2,178,124 $ 64.32 1,803,424 $ 120,158
1. On April 19, 2023, the Company's Board of Directors approved a $200,000 increase to its share repurchase program to $257,955 from the prior unused authorization of $57,955. On November 15, 2023, Griffon announced that the Board of Directors approved an additional increase of $200,000 to its share repurchase authorization. Under the share repurchase program, the Company may, from time to time, purchase shares of its common stock in the open market, including pursuant to a 10b5-1 plan, pursuant to an accelerated share repurchase program or issuer tender offer, or in privately negotiated transactions. As of March 31, 2024, $120,158 remained available for the purchase of common stock under board authorized programs. See "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources - Liquidity."
2. Includes (a) 145,227 shares purchased by the Company in open market purchases pursuant to a stock buyback plan authorized by the Company's Board of Directors; and (b) 332,852 shares acquired by the Company from holders of restricted stock upon vesting of the restricted stock, to satisfy tax-withholding obligations of the holders.
3. Includes (a) 78,197 shares purchased by the Company in open market purchases pursuant to a stock buyback plan authorized by the Company's Board of Directors; (b) 11,569 shares acquired by the Company from holders of restricted stock upon vesting of the restricted stock, to satisfy tax-withholding obligations of the holders; and (c) the purchase, on February 20, 2024, of 1,500,000 shares pursuant to a stock purchase and cooperation agreement executed between the Company and Voss Value Master Fund, L.P., Voss Value-Oriented Special Situations Fund, L.P and four separately managed accounts of which Voss Capital, LLC is the investment manager, in a private transaction. The purchase price per share under the stock purchase and cooperation agreement was $65.50, for an aggregate purchase price of $98,250.
4. Includes (a) 80,000 shares purchased by the Company in open market purchases pursuant to a stock buyback plan authorized by the Company's Board of Directors; and (b) 30,279 shares acquired by the Company from holders of restricted stock upon vesting of the restricted stock, to satisfy tax-withholding obligations of the holders.
Item 3 Defaults Upon Senior Securities
None
Item 4 Mine Safety Disclosures
None