Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
There were no sales of equity securities by the Company during the period covered by this report.
During the nine months ended September 30, 2022, the Company purchased the following shares of common stock as treasury shares.
2022 Month
Number of
Shares
Average Price
Paid per share
Maximum
Number of Shares
that May Yet Be
Purchased Under
The Program at
Month—End (1)
January
2,981
$
76.21
144,740
February
5,948
$
73.26
138,792
March
2,259
$
75.36
136,533
April
3,426
$
74.82
133,107
May
5,963
$
82.37
127,144
June
18,855
$
85.18
108,289
July
15,645
$
79.68
92,644
August
5,500
$
87.99
87,144
September
800
$
92.80
86,344
Total/Average
61,377
$
81,33
(1)
In December 1993, we announced that the Board of Directors authorized a stock repurchase program whereby we may purchase outstanding shares of the common stock from time-to-time, in open market transactions or negotiated sales. On October 31, 2012 and June 13, 2018, the Board of Directors of the Company approved an additional 500,000 and 200,000 shares respectively, of the Company’s stock to be included in the stock repurchase program. A total of 3,700,000 shares have been authorized, to date, under this program. Through September 30, 2022, a total of 3,615,756 shares have been repurchased under this program for $78,266,619 at an average price of $22,15 per share. Additional purchases of shares may occur as market conditions warrant. We expect future purchases will be funded with internally generated cash flow or from working capital.
Item 3.
DEFAULTS UPON SENIOR SECURITIES
None
Item 4.
RESERVED
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.