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 100,444 share s of its common stock during the three month period ended March 31, 2022. At March 31, 2022, there were 3,207,217 shares available for repurchase under the Company’s stock repurchase programs.
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
January 1, 2022 through January 31, 2022 — $ — — 3,307,661
February 1, 2022 through February 28, 2022 — — — 3,307,661
March 1, 2022 through March 31, 2022 100,444 21.35 100,444 3,207,217
Item 3. Defaults Upon Senior Securities
Not Applicable.
Item 4. Mine Safety Disclosures
Not Applicable.
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.