Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchase of Equity Securities:
The following table summarizes repurchases of our common stock occurring in the first quarter 2024.
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)
January 1 through January 31, 2024 – $ – – $ 450,000
February 1 through February 29, 2024 1,273,245 $ 39.25 1,273,245 $ 400,000
March 1 through March 31, 2024 – $ — – $ 400,000
1 Amounts exclude 1% excise tax and fees on share repurchases.
2 In August 2022, the Board authorized an initial share repurchase program of up to $300 million of the Company’s common stock. On October 30, 2023, the Board 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. 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.
3 Maximum approximate dollar values reported represent amounts at end of the month. Since the inception of the share repurchase program, the Company has repurchased 4,684,403 shares of its common stock in open-market transactions for $199.9 million, excluding taxes and fees.
37
Table of Contents
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.