Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
As previously announced, our Board had authorized the repurchase of up to 1.6 million shares of our outstanding common stock. On August 4, 2022, our Board increased the authorization by 1 million shares. The shares may be purchased on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. The following table sets forth information concerning purchases of our common stock for the three months ended July 3, 2022:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program Maximum Number of Shares that May Yet be Purchased under Plans or Programs (2)
04/04/2022-05/01/2022 36,410 (1) $ 42.57 — 311,005
05/02/2022-05/29/2022 23,090 34.83 23,090 287,915
05/30/2022-07/03/2022 158,567 36.32 158,567 129,348
Total 218,067 181,657
(1) The shares of common stock represent shares that were surrendered to us by stock plan participants in order to satisfy minimum withholding tax obligations related to the vesting of restricted stock awards and are not shares purchased under the Board authorization described above.
(2) As a result of the increase in the number of shares authorized to be repurchased under our share repurchase program by 1 million on August 4, 2022, the number of shares that may yet be repurchased under the program increased to 1,129,348.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.
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