Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Eq uity Securities and Use of Proceeds
In October 2023, the Board authorized the purchase of up to $250 million of our Class A Common Stock pursuant to a share repurchase program (the “ 2023 Program ” ). Under the 2023 Program, the shares may be repurchased in the open market or in privately negotiated transactions, from time to time subject to market and other conditions. The approved share repurchase program does not obligate us to repurchase any dollar amount or number of shares and the program may be modified, suspended or discontinued at any time.
During the three months ended September 30, 2024, we purchased 824,149 shares for approximately $35 million under the 2023 Program. During the nine months ended September 30, 2024, we purchased 1,591,952 shares for approximately $68 million under the 2023 Program.
During the three months ended September 30, 2024, we purchased 8,655 shares for approximately $0.4 million related to withholding upon vesting of restricted stock. During the nine months ended September 30, 2024, we purchased 198,959 shares for approximately $9.1 million related to withholding upon vesting of restricted stock.
The table below includes information on a monthly basis regarding shares purchased under the 2023 Program and the number of shares delivered to us to satisfy the mandatory tax withholding requirement upon vesting of restricted stock during the quarter ended September 30, 2024. Shares delivered to us to satisfy the mandatory tax withholding requirement upon vesting of restricted stock do not reduce the repurchase authority under the 2023 Program.
Maximum Value of
Total
Total Number of
Shares that May Yet
Number of
Average
Shares Purchased as
Be Purchased Under
Shares
Price Paid
Part of Publicly
the Program
Purchased
Per Share
Announced Plan
(in 000’s)
July 2024
62,204
$
41.89
59,621
$
188,182
August 2024
766,084
$
42.95
764,528
$
155,348
September 2024
4,516
$
47.08
-
$
155,348
Total
832,804
$
42.89
824,149
$
155,348
I tem 3. Defaults Upon Senior Securities
Not applicable.
I tem 4. Mine Safety Disclosures
Not applicable.
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.