Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) Not applicable
(b) Not applicable
(c) On May 19, 2021, the Board of Directors authorized a third stock repurchase program for up to 1,263,841 shares, or approximately 10% of its then outstanding shares. This repurchase program was completed on July 7, 2022. On July 21, 2022, the Company announced that the Board of Directors authorized a fourth stock repurchase program for up to 1,184,649 shares, or approximately 10% of its then outstanding shares. The fourth stock repurchase program will expire in July 2023, unless completed sooner. The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended September 30, 2022:
Total
number of
shares
purchased Average
price
paid
per share Total number of
shares purchased
as part of
publicly announced
plans or programs Maximum number of shares that may yet be purchased under the plans or programs
July 1, 2022 - July 31, 2022 1,614 $ 13.88 1,614 1,184,649
August 1, 2022 - August 31, 2022 33,609 14.27 33,609 1,151,040
September 1, 2022 - September 30, 2022 10,466 13.90 10,466 1,140,574
45,689 14.17 45,689
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Nothing to report.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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.