Item 2. Unregistered Sales of Equity Securities
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds
Below is a summary by month of share purchases by the Company during the first quarter of 2025:
Month
Total Number
of Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs (1)
Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1)
January 2025
1,225
(2)
$
63.46
—
$
125,050,905
February 2025
30,743
(3)
$
62.12
—
$
125,050,905
March 2025
9,686
(4)
$
57.92
—
$
125,050,905
Total
41,654
$
61.18
—
$
125,050,905
(1) On October 20, 2021, the Company announced that its Board of Directors had authorized the Company to repurchase up to $150,000,000 of its outstanding common stock. Under this program, which does not have an expiration date, repurchases may be made from time to time through open market transactions, privately negotiated transactions or a combination of the foregoing, subject to applicable laws.
(2) Represents shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of stock appreciation rights.
(3) Includes 8,617, 20,522 and 1,604 shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of deferred management incentive compensation, the distribution of deferred performance shares and the distribution of restricted stock units, respectively.
(4) Includes 182, 6,451, 2,921 and 132 shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of deferred management incentive compensation, the distribution of performance shares, the distribution of restricted stock units and the exercise of stock appreciation rights, respectively.
Item 3 – Defaults Upon Senior Securities
None
Item 4 – Mine Safety Disclosures
Not applicable
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