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 third quarter of 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)
July 1 through July 31, 2024 329,123 $ 39.87 329,123 $ 331,000
August 1 through August 31, 2024 2,152,744 $ 37.63 2,152,744 $ 750,000
September 1 through September 30, 2024 2,892,324 $ 34.57 2,892,324 $ 650,000
1 Amounts exclude 1% excise tax and fees on share repurchases.
2 In August 2024, the Company’s Board of Directors authorized an additional $500 million increase in the share repurchase program bringing the total amount the Company can repurchase to $1,100 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.
3 Maximum approximate dollar values reported represent amounts at end of the month. Since the inception of the share repurchase program through to the end of the third quarter of 2024, the Company has repurchased 11,419,944 shares of its common stock in open-market transactions for $449.9 million, excluding taxes and fees.
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