Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table presents a summary of share repurchases made by the Company during the three-month period ended March 31, 2022.
−Removed: Period Total Number of Shares Purchased(1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
−Removed: (in Millions)
−Removed: January 1, 2022 - January 31, 2022 — $ — N/A N/A
−Removed: February 1, 2022 - February 28, 2022 7,494 $ 13.04 N/A N/A
−Removed: March 1, 2022 - March 31, 2022 10,150 $ 13.51 N/A N/A
−Removed: Total 17,644 —
−Removed: ___________________
−Removed: (1) Includes shares of common stock tendered by employees in order to satisfy tax withholding requirements upon vesting of their stock awards.
−Removed: Shares withheld are initially recorded as treasury shares, then immediately retired.
+Added: Our current equity-based compensation plans include provisions that allow for the “net exercise” of share-settled awards by all plan participants.
+Added: In a net exercise, any required payroll taxes, federal withholding taxes and exercise price of the shares due from the share-based award holders are settled by having the holder tender back to us a number of shares at fair value equal to the amounts due.
+Added: Net exercises are treated as purchases and retirements of shares.
Defaults Upon Senior Securities
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