Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
In September 2020, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act. The share repurchase
program commenced on September 14, 2020, and all shares repurchased under this program were retired. The table below presents share repurchase activity during the third quarter of 2023 in connection with the payment of withholding taxes related
to the stock awards.
Total Number of
Shares Purchased
Average Price
Paid
Per share
Total Number of
Shares Purchased as
Part of Publicly
Announced Program
Dollar Value of
Shares That May
Yet Be Purchased
(in millions)
May 1, 2023 – May 28, 2023
2,943
$
17.23
0
$
31.7
May 29, 2023 – June 25, 2023
0
$
0.00
0
$
31.7
June 26, 2023 – July 30, 2023
279
$
25.64
0
$
31.7
Total
3,222
0
Certain of our debt agreements and lease arrangements include limitations on the amounts of dividends we may pay. Please refer to Note 6 of the condensed consolidated financial statements for information on these limitations.
Item 3.
DEFAULTS UPON SENIOR SECURITIES
Not applicable
Item 4.
MINE SAFETY DISCLOSURES
Not applicable
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