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 August 7, 2024, our Board of Directors approved a share repurchase program authorizing us to repurchase up to an aggregate of $500 million of our outstanding shares of common stock over a two-year period (the “2024 Repurchase Plan”). The repurchases can be made through any combination of open market purchases, accelerated share repurchases, privately negotiated transactions or an other permissible manner. 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 program may be suspended or discontinued at any time and will automatically expire at the end of the respective plan term.
During the three months ended March 31, 2025, 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, 2025 1,051,124 $ 39.84 1,051,124 $ 385,847,071
February 1 - February 28, 2025 672,908 41.80 672,908 357,708,182
March 1 - March 31, 2025 2,136,450 37.45 2,136,450 277,665,479
Total 3,860,482 $ 38.86 3,860,482
From April 1, 2024 through April 24, 2025, we repurchased approximately 1.8 million shares for $60 million. As of April 24, 2025, we had $218 million of remaining availability under the share repurchase program.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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