Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information about purchases by Insperity during the three months ended September 30, 2023 of equity securities that are registered by Insperity pursuant to Section 12 of the Exchange Act:
Period Total Number of Shares Purchased (1)(2)
Average Price Paid per Share Total Number of Shares Purchased Under Announced Program (2)
Maximum Number of Shares Available for Purchase under Announced Program (2)
07/01/2023 — 07/31/2023 123 $ 121.87 — 841,822
08/01/2023 — 08/31/2023 646,489 99.05 646,260 2,195,562
09/01/2023 — 09/30/2023 226,000 97.56 226,000 1,969,562
Total 872,612 $ 98.67 872,260
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Insperity | 2023 Third Quarter Form 10-Q
35
OTHER INFORMATION
(1) During the three months ended September 30, 2023, 352 shares of stock were withheld to satisfy tax-withholding obligations arising in conjunction with the vesting of restricted stock units. The required withholding is calculated using the closing sales price reported by the New York Stock Exchange on the date prior to the applicable vesting date. These shares are not subject to the repurchase program.
(2) Our Board of Directors has approved a program to repurchase shares of our outstanding common stock, including an additional 2,000,000 shares authorized for repurchase as announced on August 1, 2023. As of September 30, 2023, we were authorized to repurchase an additional 1,969,562 shares under the program. Unless terminated earlier by resolution of our Board of Directors, the repurchase program will expire when we have repurchased all shares authorized for repurchase under the repurchase program.
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.