RELIANCE, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ Our share repurchase activity for the second quarter of 2024 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) April 1 - April 30, 2024 ​ 80,597 ​ $ 289.82 ​ 80,597 ​ $ 1,416.3 May 1 - May 31, 2024 ​ 607,627 ​ $ 295.36 ​ 607,627 ​ $ 1,236.9 June 1 - June 30, 2024 ​ 1,115,956 ​ $ 283.56 ​ 1,115,956 ​ $ 920.4 Total ​ 1,804,180 ​ $ 287.81 ​ 1,804,180 ​ ​ ​ (1) All repurchases were made under our $1.5 billion share repurchase program authorized by our Board of Directors effective October 30, 2023. Subsequent to quarter end, we repurchased an additional 637,669 shares at an average cost of $285.36, for a total of $182.0 million, resulting in $738.5 million remaining as of July 25, 2024 under our $1.5 billion share repurchase program authorized by our Board of Directors 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. ​