Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the six months ended June 30, 2024, the Company repurchased shares of its common stock as follows:
PERIOD TOTAL NUMBER OF SHARES PURCHASED (1) (2)
AVERAGE PRICE PAID per share TOTAL NUMBER OF SHARES purchased as part of publicly announced plans or programs (2)
MAXIMUM NUMBER (or Approximate DOLLAR VALUE) OF SHARES that may yet be purchased under the plans or programs (2)
May 31, 2023 Authorized Shares
$ 500,000,000
January 1 - January 31
— $ — — 500,000,000
February 1 - February 29
8,228 16.31 — 500,000,000
March 1 - March 31
— — — 500,000,000
April 1 - April 30 (3)
2,966,764 14.07 2,966,764 458,191,783
April 30, 2024 Authorized Shares 500,000,000
May 1 - May 31 (3)
7,536,692 15.94 7,536,692 379,829,237
June 1 - June 30 (3)
6,738,781 16.44 6,738,781 269,040,536
Total 17,250,465 $ 15.81 17,242,237 $ 269,040,536
1 Share purchases in February 2024 represent shares of Company common stock withheld and cancelled to satisfy employee tax withholding obligations payable upon the vesting of non-vested shares.
2 On May 31, 2023, the Company's Board of Directors authorized the repurchase of up to $500 million of outstanding shares of the Company's common stock either in the open market or through privately negotiated transactions, subject to market conditions, regulatory constraints, and other customary conditions. On April 30, 2024, the Company's Board of Directors authorized the repurchase of up to $500 million of outstanding shares of the Company's common stock, superseding the previous stock repurchase authorization. The stock repurchase authorization expires on April 29, 2025. The Company may suspend or terminate at any time without prior notice. The Company is not obligated under this authorization to repurchase any specific number of shares.
3 Repurchases of common stock in April 2024 were made under the $500 million stock repurchase authorization on May 31, 2023. All repurchases of common stock made after April 30, 2024 were repurchased under the $500 million stock repurchase authorization on April 30, 2024. As of June 30, 2024, the Company was authorized to repurchase an additional $269 million of the Company's common stock.
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