Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Unregistered Sales of Equity Securities
On April 25, 2024, we issued an aggregate of 11,571 shares of our common stock to non-employee members of our Board of Directors who elected to receive all or a portion of their annual director retainer in Company stock. These shares were valued based on the closing market price per share of our common stock of $163.74 on April 25, 2024, for an aggregate value of $1,894,636. The shares were issued to our non-employee directors in private transactions exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
21
Purchases of Equity Securities
The following table summarizes purchases of our common stock during the three months ended June 30, 2024:
Period
Number of
Common
Shares
Purchased
Average Price
Paid Per
Common Share Purchased
Total Number of Shares
Purchased as
Part of a
Publicly
Announced Plan
(1)
Maximum
Dollar
Amount
of Shares That
May Yet Be Purchased
Under the Plan
(in millions) (1)
April 1 through April 30, 2024
828,125
$
168.11
828,125
$
227
May 1 through May 31, 2024
396,868
161.09
396,868
163
June 1 through June 30, 2024
-
-
-
163
Total
1,224,993
$
165.83
1,224,993
$
163
(1) On July 20, 2022, our Board of Directors authorized the purchase of up to $500 million of our common stock. This stock repurchase program has no expiration date.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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