Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable.
(b) Not applicable.
(c) The following table sets forth information regarding the Company’s repurchases of its common stock during the three months ended March 31, 2023:
82
Table of Contents
Issuer Purchases of Equity Securities
Total Number of Shares Purchased (1) Average Price Paid Per Share (2) Total Number of
Shares Purchased as
Part of Publicly
Announced Plan or
Program (3) Maximum Number of Shares (or Approximate Dollar Value) That May Yet Be Purchased Under the Plan or Program (3)
Period
January 1 to January 31, 2023 604,395 $ 78.31 604,395 $ 72,669,467
February 1 to February 28, 2023 77,925 $ 80.01 67,701 $ 67,260,944
March 1 to March 31, 2023 949,152 $ 71.11 944,937 $ —
Total 1,631,472 $ 74.20 1,617,033
(1) Of these shares, 10,224 shares and 4,215 shares were surrendered in February 2023 and March 2023, respectively, in connection with the exercise and/or vesting of equity compensation grants to satisfy related tax withholding obligations.
(2) During the three months ended March 31, 2023, the average price per share of repurchased shares was $74.18 and the average price per share of surrendered shares related to tax withholding obligations was $76.87.
(3) On October 20, 2022, the Company announced the commencement of a new stock repurchase plan which authorized repurchases by the Company of up to $120 million in common stock. The 1.6 million shares repurchased under the program during the three months ended March 31, 2023 represented full completion of the program.
Item 3. Defaults Upon Senior Securities - None.
Item 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.