Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The table below shows the monthly repurchases of shares of the Company's common stock in the first quarter of 2024.
(a) (b) (c) (d)
Period Total Number of Shares Purchased [1)
Average Price Paid per Share 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 [2]
January 1 - January 31, 2024 476 $ 196.62 — $ 100,000,000
February 1 - February 29, 2024 39,044 190.77 — $ 100,000,000
March 1 - March 31, 2024 — — — $ 100,000,000
Total 39,520
[1] Total number of shares purchased includes shares withheld for settlement of payroll taxes from stock-based compensation awards vested and for retirement eligible employees who retired during the first quarter of 2024.
[2] On October 19, 2023, the Board authorized the Company to repurchase up to $100.0 million of the Company's common stock, effective January 1, 2024 through December 31, 2024. From April 1, 2024 to May 2, 2024, the Company repurchased 283,273 shares of the Company’s common stock in the open market at an average price of $176.51 per share, for a total of $50.0 million. As a res ult, as of May 2, 2024, approximately $50.0 million remained available for share repurchase through December 31, 2024 under the Company’s previously announced $100.0 million share repurchase authorization.
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Item 3. Defaults Upon Senior Securities .
None.
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.