Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchase of Equity Securities:
Period Total Number of Shares Purchased Average Price Paid Per Share 1
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under Plans or Programs 2,3
(in thousands)
July 1 through July 31, 2023 — $ — — $ 300,000
August 1 through August 31, 2023 1,125,564 $ 44.42 1,125,564 $ 250,000
September 1 through September 30, 2023 558,958 $ 44.71 558,958 $ 225,000
1 Amounts exclude 1% excise tax and fees on share repurchases.
2 In August 2022, the Company’s Board of Directors authorized a share repurchase program of up to $300 million of the Company’s Common Stock. Pursuant to the share repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions and other means in accordance with federal securities laws. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion. Maximum approximate values reported represent amounts at end of the month. During the nine months ended September 30, 2023, the Company repurchased 1,684,522 shares of its Common Stock under the share repurchase program in open-market transactions for $75.0 million, excluding taxes and fees.
3 Subsequent to the third quarter of 2023, the Company’s Board of Directors authorized an increase to the share repurchase program by an additional $300 million, bringing the total amount allowed to be repurchased under the program to $600 million, and has $525 million remaining available to repurchase.
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