Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On December 18, 2019, the Company announced the authorization by the Board of Directors to repurchase up to 5% of the Company’s outstanding common stock, or 2.5 million shares. The repurchase plan has no expiration date. On June 25, 2021, the Company announced the authorization by the Board of Directors to repurchase up to an additional 5% of the Company’s outstanding common stock, or 3.0 million shares. The Company repurchased 460,009 share s of its common stock during the three month period ended September 30, 2021. At September 30, 2021, there were 3,559,136 shares available for repurchase under the Company’s stock repurchase program.
Period Total Number of
Shares Purchased Average Price Paid per Share Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
July 1, 2021 through July 31, 2021 — — — 4,019,145
August 1, 2021 through August 31, 2021 206,288 $ 21.17 206,288 3,812,857
September 1, 2021 through September 30, 2021 253,721 20.98 253,721 3,559,136
Item 3. Defaults Upon Senior Securities
Not Applicable.
Item 4. Mine Safety Disclosures
Not Applicable.
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