RELIANCE, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ Our share repurchase activity for the third quarter of 2023 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Maximum Dollar ​ ​ Total Number ​ Average Price ​ Shares Purchased ​ Value That May ​ ​ of Shares ​ Paid ​ as Part of Publicly ​ Yet Be Purchased Period ​ Purchased ​ Per Share ​ Announced Plan ​ Under the Plan (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ (in millions) July 1 - July 31, 2023 ​ — ​ $ — ​ — ​ $ 567.9 August 1 - August 31, 2023 ​ 115,435 ​ $ 282.43 ​ 115,435 ​ $ 535.3 September 1 - September 30, 2023 ​ 351,778 ​ $ 266.57 ​ 351,778 ​ $ 441.6 Total ​ 467,213 ​ $ 270.49 ​ 467,213 ​ ​ ​ (1) All repurchases were made under our $1.0 billion share repurchase program authorized by our Board of Directors o n July 26, 2022. From October 2, 2023 through October 24, 2023, we repurchased 575,060 shares at an average cost per share of $255.15, for a total of $146.7 million, resulting in $294.8 million of our common stock remaining available for repurchase under our July 2022 authorization. O ur Board of Directors subsequently amended our share repurchase program to increase the repurchase authorization to $1.5 billion effective October 30, 2023. The share repurchase program does not obligate us to repurchase any specific number of shares, does not have a specific expiration date and may be suspended or discontinued at any time. Under the share repurchase plan, shares may be repurchased through a variety of methods including, but not limited to, open market purchases, accelerated share repurchases, negotiated block purchases and transactions structured through investment banking institutions under plans relying on Rule 10b5-1 and/or Rule 10b-18 under the Exchange Act . ​ ​ Item 3. Defaults Upon Senior Securities ​ None. ​ Item 4. Mine Safety Disclosures ​ Not applicable. ​