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 June 30, 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)
April 1, 2025 through April 30, 2025
241 $ 25.22 — $ 220.8
May 1, 2025 through May 31, 2025
1,020,445 $ 25.94 731,000 $ 202.1
June 1, 2025 through June 30, 2025
468,675 $ 26.26 467,795 $ 189.8
Total 1,489,361 1,198,795
(1) These columns include the following transactions during the three months ended June 30, 2025: (i) the surrender to the Company of 290,498 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees; (ii) the purchase of 68 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust; and (iii) the purchase of 1,198,795 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 1,198,795 shares under the share repurchase program during the three months ended June 30, 2025, at a cost of approximately $31.0 million, resulting in a remaining authorization to repurchase up to $189.8 million of its common stock under the share repurchase program as of June 30, 2025. Certain shares of stock repurchased during June 2025, totaling $0.2 million, were cash settled in July 2025 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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