Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
(c) Issuer Purchases of Equity Securities
On May 3, 2023, our Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the "2023 Repurchase Plan"). The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions. The shares are retired upon repurchase. The stock repurchase programs may be suspended or discontinued at any time and will automatically expire at the end of the respective plan terms.
During the three months ended March 31, 2024, we repurchased the following shares:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under Plans
January 1 - January 31, 2024 1,005,992 $ 41.50 1,005,992 $ 318,055,017
February 1 - February 29, 2024 804,655 43.48 804,655 283,053,701
March 1 - March 31, 2024 499,014 45.43 499,014 260,371,732
Total 2,309,661 $ 43.04 2,309,661
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From April 1, 2023 through April 30, 2024, we repurchased approximately 1.1 shares for $47 million. As of April 30, 2024, we had $213 million of remaining availability under the 2023 Repurchase Plan.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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