Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The Company did not make any unregistered sales of equity securities during the second quarter of 2025.
A summary of the Company’s stock repurchase activity for the second quarter of 2025 is as follows:
Period
Total
Number of
Shares
Purchased
(1)(2)(3)(4)
Average
Price Paid
Per Share
(1)
Total Number of
Shares Purchased
as Part of
Publicly
Announced Plans
or Programs (2)
Approximate
Dollar Value of
Shares that May
Yet be Purchased
Under the Plans
or Programs (3)
April 1 – April 30, 2025
1,482,555
$
51.40
(5)
1,482,555
$
36,362,581
May 1 – May 31, 2025
148,477
50.07
(6)
148,477
28,923,805
June 1 – June 30, 2025
5,606
48.96
(7)
5,606
28,649,311
Total
1,636,638
1,636,638
(1)
The calculation of the average price paid per share does not give effect to any fees, commissions or other costs associated with the repurchase of such shares.
(2)
The shares represent Class A Common Stock and Class B Common Stock repurchased by the Company.
(3)
On December 2, 2024, we announced the approval of a new stock repurchase program, effective December 3, 2024, authorizing management to repurchase, from time to time, up to an aggregate of $150.0 million of our shares of Class A common stock and/or Class B common stock.
(4)
On May 29, 2025, we announced the approval of a $50.0 million increase to the stock repurchase program, effective May 29, 2025, authorizing management to repurchase, from time to time, up to an aggregate of $200.0 million of our shares of Class A common stock and/or Class B common stock.
(5)
Represents 1,349,252 shares of Class A Common Stock at an average price paid per share of $50.92 and 133,303 shares of Class B Common Stock at an average price paid per share of $56.23.
(6)
Represents 141,823 shares of Class A Common Stock at an average price paid per share of $49.70 and 6,654 shares of Class B Common Stock at an average price paid per share of $57.87.
(7)
Represents 5,606 shares of Class A Common Stock at an average price paid per share of $48.96.
ITEM 3. Defaults Upon Senior Securities.
Not Applicable
29
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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.