Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The table below provides information regarding our purchases of Class A stock during the three months ended April 2, 2022.
Period Total Number of Shares Purchased (2)
Average
Price Paid
per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (3)
Maximum Number of
Shares that May Yet Be
Purchased Under the Plans
or Programs (1)
January 2, 2022 to January 29, 2022 203,354 $ 90.57 — 15,260,698
January 30, 2022 to March 5, 2022 217,663 96.06 — 15,260,698
March 6, 2022 to April 2, 2022 1,550,134 87.16 1,513,137 13,747,561
Total 1,971,151 $ 88.50 1,513,137 13,747,561
(1) On February 7, 2003, we announced that our Board of Directors had approved a program to repurchase up to 25 million shares of outstanding Class A common stock from time to time in open market or privately negotiated transactions. On May 3, 2012, our Board of Directors approved an additional 35 million shares, on January 30, 2014, our Board of Directors approved an additional 25 million shares and on February 4, 2016, our Board of Directors approved an additional 50 million shares, in each case, authorized for repurchase under our share repurchase program. The program has no fixed or scheduled termination date.
(2) We purchased 458,014 shares during the three months ended April 2, 2022 that were not made pursuant to our previously announced stock repurchase program but were purchased to fund certain Company obligations under our equity compensation plans. These transactions included 405,777 shares purchased in open market transactions and 52,237 shares withheld to cover required tax withholdings related to the vesting of restricted stock. Shares withheld to cover required tax withholdings related to the vesting of restricted stock do not reduce our total share repurchase authority.
(3) We purchased 1.5 million shares during the three months ended April 2, 2022 pursuant to our previously announced stock repurchase program.
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Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not Applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.