Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table presents the total number of shares of our common stock that we repurchased during the second quarter of 2023, the average price paid per share, the number of shares that we repurchased as part of our share repurchase program, and the approximate dollar value of shares that still could have been repurchased at the end of the applicable fiscal period pursuant to our share repurchase program:
(dollars in millions, except per share data) Total Number of Shares Purchased (1)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program (2)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program (2)
April 1, 2023 - April 30, 2023 562,625 $ 29.12 556,466 $ 83.1
May 1, 2023 - May 31, 2023 1,320,027 $ 25.65 1,318,427 $ 49.3
June 1, 2023 - June 30, 2023 1,918,954 $ 25.96 1,916,365 $ 749.5
Total 3,801,606 $ 26.32 3,791,258
(1) Includes 6,159, 1,600, and 2,589 shares withheld to pay taxes due upon the vesting of employee restricted stock for the months ended April 30, May 31, and June 30, 2023, respectively.
(2) On February 1, 2022, our Board of Directors authorized the February 2022 Authorization for the repurchase of up to $750.0 million of our common stock from time to time on the open market or in privately negotiated transactions. The February 2022 Authorization expires on January 31, 2025. On December 6, 2022, our Board of Directors authorized the December 2022 Authorization for the repurchase of an additional $750.0 million of our common stock from time to time on the open market or in privately negotiated transactions, which expires on December 31, 2025. During the three months ended June 30, 2023, we completed repurchasing the amount of shares authorized under the February 2022 Authorization and began using
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the December 2022 Authorization. Stock repurchases, if any, will be funded using our available liquidity. The timing and amount of stock repurchases will depend on a variety of factors, including market conditions as well as corporate and regulatory considerations. As of June 30, 2023, we have repurchased a total of 22,999,509 shares of our common stock at an average price of $32.64.
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.