Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Share repurchases are made from time to time in the open market or through privately negotiated transactions. On October 31, 2016, the Board of Directors authorized the repurchase of 1,000,000 shares of our comment stock. On February 11, 2025, the Board of Directors authorized the repurchase of 2,000,000 shares of our common stock. Under the 2016 and 2025 share repurchase programs, 387,195 and 2,000,000 shares remain authorized, respectively.
For the Quarter Ended
March 31, 2025 Total Number of Shares
Purchased (1)
Average Price Paid
Per Share Total Number of Shares Purchased as Part of
Publicly Announced Plans or
Programs Maximum Number of Shares that May Yet Be
Purchased Under the Plans or
Programs
January 1-31, 2025 33,389 $ 83.82 33,389 589,672
February 1-28, 2025 90,499 $ 87.37 70,348 2,519,324
March 1-31, 2025 141,475 $ 84.23 132,129 2,387,195
Total 265,363 $ 85.25 235,866 2,387,195
(1) The total number of shares purchased includes 29,497 shares withheld to cover withholding taxes related to the exercise of stock options and the vesting of restricted stock under employee share-based compensation plans.
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