Item 2. Unregistered Sales of Equity Securities
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable.
(b) Not applicable.
(c) The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended March 31, 2024:
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximated Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1)
January 1, 2024 - January 31, 2024 100 $ 39.36 100 $ 1,499,900
February 1, 2024 - February 29, 2024 64 $ 39.75 64 1,499,836
March 1, 2024 - March 31, 2024 — $ — — 1,499,836
Total 164 $ 39.51 164 $ 1,499,836
(1) Dollar amount excludes commissions paid.
On July 25, 2023, the Company announced that its Board of Directors approved an extension of the Company’s then existing stock repurchase program, which was set to expire on July 31, 2023, until January 31, 2024. Under this stock repurchase program, the Company was authorized to repurchase up to $4.0 million of its outstanding shares of common stock from time to time in the open market, based on prevailing market prices, or in privately negotiated transactions. On January 26
, 2024, the Company announced that its Board of Directors approved a new stock repurchase program, authorizing the Company to purchase up to $1.5 million of the Company’s issued and outstanding common stock over a period of 12 months expiring on January 26, 2025.
The actual timing, number and value of shares repurchased under the Company’s stock repurchase programs will depend on a number of factors, including constraints specified in any trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 and limitations imposed on repurchases made pursuant to Rule 10b-18 under the Securities Exchange Act of 1934, price, general business and market conditions, and alternative investment opportunities.
Item 3 Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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