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 March 31, 2025:
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)
January 1, 2025 through January 31, 2025
69,021 $ 36.60 61,845 $ 226.8
February 1, 2025 through February 28, 2025
94,689 $ 33.29 93,951 $ 223.6
March 1, 2025 through March 31, 2025
97,853 $ 29.46 95,900 $ 220.8
Total 261,563 251,696
(1) These columns include the following transactions during the three months ended March 31, 2025: (i) the surrender to the Company of 9,659 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees; (ii) the purchase of 208 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust; and (iii) the purchase of 251,696 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 251,696 shares under the share repurchase program during the three months ended March 31, 2025, at a cost of approximately $8.2 million, resulting in a remaining authorization to repurchase up to $220.8 million of its common stock under the share repurchase program as of March 31, 2025. 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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