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, 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)
July 1, 2024 through July 31, 2024
1,768 $ 30.06 — $ 249.1
August 1, 2024 through August 31, 2024
52,904 $ 32.44 50,900 $ 247.4
September 1, 2024 through September 30, 2024
141,817 $ 32.45 141,350 $ 242.9
Total 196,489 192,250
(1) These columns include the following transactions during the three months ended September 30, 2024: (i) the surrender to the Company of 4,187 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees; (ii) the purchase of 52 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust; and (iii) the purchase of 192,250 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 192,250 shares under the share repurchase program during the three months ended September 30, 2024, at a cost of approximately $6.2 million, resulting in a remaining authorization to repurchase up to $242.9 million of its common stock under the share repurchase program as of September 30, 2024. Certain shares of stock repurchased during September 2024, totaling $0.2 million, were cash settled in October 2024 in accordance with normal settlement practices. 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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