United Parks & Resorts Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The Company had no unregistered sales of equity securities during the first quarter of 2021. The following table sets forth information with respect to shares of our common stock purchased by the Company during the periods indicated: Period Beginning Period Ended Total Number of Shares Purchased (1)(2) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2) January 1, 2021 January 31, 2021 — $ — — $ 237,594,184 February 1, 2021 February 28, 2021 4,126 $ 39.43 — 237,594,184 March 1, 2021 March 31, 2021 37,145 $ 48.69 — 237,594,184 41,271 — $ 237,594,184 (1) All purchases were made pursuant to the Company’s Omnibus Incentive Plan, under which participants may satisfy tax withholding obligations incurred upon the vesting of restricted stock by requesting the Company to withhold shares with a value equal to the amount of the withholding obligation. (2) The Company’s Board of Directors had previously authorized a share repurchase program of up to $250.0 million of the Company’s common stock (the “Share Repurchase Program”). Under the Share Repurchase Program, the Company is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. As of March 31, 2021, the Company had approximately $237.6 million available under the Share Repurchase Program In connection with Amendment No. 12 to our Amended Credit Agreement, the Company is restricted from making restricted payments, including share repurchases, through the third quarter of 2022 unless certain conditions are met. See Note 6–Long-Term Debt and Note 11–Stockholders’ Deficit in the notes to the unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.