Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
This table provides information with respect to purchases by the Company of shares of its common stock during the quarter ended June 30, 2024:
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)
April 1, 2024 through April 30, 2024
19,294 $ 26.00 18,900 $ 249.5
May 1, 2024 through May 31, 2024
271,668 $ 30.74 — $ 249.5
June 1, 2024 through June 30, 2024
15,409 $ 28.01 15,000 $ 249.1
Total 306,371 33,900
(1) These columns include the following transactions during the three months ended June 30, 2024: (i) the surrender to the Company of 272,215 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees; (ii) the purchase of 256 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust; and (iii) the purchase of 33,900 shares of common stock on the open market as part of our share repurchase program.
(2) In December 2022, our Board of Directors authorized a share repurchase program effective December 9, 2022 with no expiration. The share repurchase program authorizes the Company to repurchase up to $250.0 million of its common stock. The Company repurchased 33,900 shares under the share repurchase program during the three months ended June 30, 2024, at a cost of approximately $0.9 million, resulting a remaining authorization to repurchase up to $249.1 million of its common stock under the share repurchase program as of June 30, 2024. The approximate dollar value of shares that were eligible to be repurchased under our 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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