Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Purchases of Equity Securities
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 did not repurchase any shares of its common stock under its repurchase program during the three month period ended June 30, 2023. At June 30, 2023, there were 2,934,438 shares available for repurchase under the Company’s stock repurchase program.
For the month of May 31, 2023, there were 1,525 shares that were repurchased outside of the Company’s stock repurchase program at an average share price of $19.02. The Company repurchased these shares from employees that elected to sell to cover their withholding tax obligations on vested stock awards.
Item 3. Defaults Upon Senior Securities
Not Applicable.
Item 4. Mine Safety Disclosures
Not Applicable.
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