Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On May 5, 2025, our Board of Directors authorized an additional $500 million stock repurchase program in addition to the previous $400 million stock repurchase program authorized on October 5, 2021. In the first nine months of fiscal 2025, we repurchased and settled 5,933,085 shares with an average price of $33.71 per share for a total cost of $200.0 million in the open market. We did not repurchase any shares of our common stock in the first nine months of fiscal 2024. At June 29, 2025, we had a remaining balance of $647.8 million under our stock repurchase programs.
Below is a summary of the stock repurchases that were traded and settled during the first nine months of fiscal 2025:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value that May Yet be Purchased Under the Plans or Programs (in thousands)
September 30, 2024 - October 27, 2024 — $ — — $ 347,813
October 28, 2024 - November 24, 2024 80,973 40.75 80,973 344,513
November 25, 2024 - December 29, 2024 519,034 41.81 519,034 322,813
December 30, 2024 - January 26, 2025 153,591 41.02 153,591 316,513
January 27, 2025 - February 23, 2025 3,203,776 33.88 3,203,776 207,963
February 24, 2025 - March 30, 2025 1,208,341 29.08 1,208,341 172,828
March 31, 2025 - April 27, 2025 292,865 29.84 292,865 164,089
April 28, 2025 - May 25, 2025 262,477 33.30 262,477 655,349
May 26, 2025 - June 29, 2025 212,028 35.47 212,028 647,828
Item 4. Mine Safety Disclosures
Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") requires domestic mine operators to disclose violations and orders issued under the Mine Act by Mine Safety and Health Administration. We do not act as the owner of any mines, but we may act as a mining operator as defined under the Mine Act where we may be an independent contractor performing services or construction at such mine. Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95.
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.