Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
This table provides information with respect to purchases by the Company of shares of its common stock during the quarter ended September 30, 2021:
Period Number of Shares Purchased (1)
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2)
(in millions)
July 1, 2021 through July 31, 2021
1,574,520 $ 26.56 1,573,934 $ 35.3
August 1, 2021 through August 31, 2021
1,242,686 $ 28.36 1,241,373 $ —
September 1, 2021 through September 30, 2021
983 $ 27.86 — $ 250.0
Total 2,818,189 2,815,307
(1) These columns include the following transactions during the three months ended September 30, 2021: (i) the surrender to the Company of 1,562 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 1,320 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust, and (iii) the purchase of 2,815,307 shares of common stock on the open market as part of our share repurchase program.
(2) In October 2020, our Board of Directors authorized a share repurchase program effective October 23, 2020 through December 31, 2021. The share repurchase program authorized the Company to repurchase up to $250.0 million of its common stock. The Company repurchased 2,815,307 shares under the share repurchase program during the three months ended September 30, 2021, at a cost of approximately $77.1 million. The Company completed this share repurchase program in the third quarter of 2021.
In September 2021, our Board of Directors authorized a new share repurchase program effective September 9, 2021 through December 31, 2022. The new share repurchase program authorizes the Company to repurchase up to $250.0 million of its common stock. There were no shares repurchased under the new share repurchase program during the three months ended September 30, 2021.
The approximate dollar value of shares that were eligible to be repurchased under such share repurchase program is shown as of the end of such month or quarter.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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