Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The table below sets forth information regarding repurchases by the Company of its common stock during the periods indicated.
Period (a)
Total number
of shares
purchased (1) (b)
Average
price paid
per share
(c)
Total number of
shares purchased
as part of
publicly
announced plans (d)
Maximum
number of shares
that may yet be
purchased under
the plans (in millions of dollars) (2)
October 1, 2022 - October 31, 2022 (6,143) $ (16.88) — $ 173.5
November 1, 2022 - November 30, 2022 (31,677) (20.15) — $ 173.5
December 1, 2022 - December 31, 2022 (723) (16.18) — $ 173.5
Total (38,543) $ (19.55) —
(1) Consists of shares surrendered for payment of employee payroll taxes due on shares issued under stock-based compensation plans.
(2) In January 2022, the Company's Board of Directors authorized the repurchase of up to $200 million of the Company’s issued and outstanding common stock. Repurchases may be made from time to time in the open market, pursuant to pre-set trading plans, in private transactions or otherwise. The authorization does not have a stated expiration date. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions, and other corporate considerations. During the quarter ended December 31, 2022, the Company did not repurchase any shares under the repurchase program. As of December 31, 2022, the Company had $173.5 million of remaining authorization under the share repurchase program.
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.