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 purchase by the Company during the first quarter of 2021:
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)
Maximum Number of Shares that May Yet
Be Purchased Under
the Plans or Programs (1)
January 2021
381
(2)
$
129.03
—
175,874
February 2021
17,418
(3)
$
119.18
8,300
(4)
167,574
March 2021
12,317
(5)
$
122.16
—
167,574
Total
30,116
$
120.52
8,300
167,574
(1)
On February 19, 2013, the Company’s Board of Directors authorized the Company to repurchase up to 1,000,000 shares 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 or privately negotiated transactions, subject to applicable laws.
(2)
Represents shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of SARs.
(3)
Includes 8,944, 95 and 79 shares of Company common stock tendered by employees to settle statutory withholding taxes related to the distribution of deferred performance stock awards, the distribution of deferred management incentive compensation and the exercise of SARs, respectively.
(4)
Represents shares of Company common stock purchased on the open market.
(5)
Includes 10,747 and 1,570 shares of Company common stock tendered by employees to settle statutory withholding taxes related to the distribution of performance stock awards and the exercise of SARs, respectively.
Item 3 – Defaults Upon Senior Securities
None
33
Item 4 – Mine Safety Disclosures
Not applicable
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