Item 2. Unregistered Sales of Equity Securities
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Purchases of Equity Securities by the Issuer
Shares repurchased, on a settlement-date basis, pursuant to the common equity repurchase program during the quarter ended March 31, 2022 were as follows:
(in thousands, except share and per share information) Total shares of common stock purchased
Average price paid per share of common stock Dollar value of remaining authorized repurchase
January — $ — $ 75,000
February 779,500 51.03 35,221
March 691,985 50.90 —
Total 1,471,485 $ 50.97
(1) Stock repurchases in February and March were made pursuant to a Board authorized share repurchase program approved on January 27, 2022 pursuant to which the Company could purchase up to $75 million of its issued and outstanding common stock, no par value, at prevailing market rates at the time of such purchase.
Sales of Unregistered Securities
There were no sales of unregistered securities during the first quarter of 2022.
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ITEM 3 DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4 MINE SAFETY DISCLOSURES
Not applicable.
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