Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
There have been no United equity securities sales during the quarter ended March 31, 2025 that were not registered. The table below includes certain information regarding United’s purchase of its common shares during the quarter ended March 31, 2025:
Period
Total Number
of Shares
Purchased
(1) (2)
Average
Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans (3)
Maximum Number
of Shares that May
Yet be Purchased
Under the Plans (3)
1/01 – 1/31/2025
0
$
00.00
0
4,371,239
2/01 – 2/28/2025
14,919
$
35.54
0
4,371,239
3/01 – 3/31/2025
567,405
$
34.93
567,405
3,803,834
Total
582,324
$
34.94
567,405
(1)
Includes shares exchanged in connection with the exercise of stock options or the vesting of restricted stock under United’s long-term incentive plans. Shares are purchased pursuant to the terms of the applicable plan and not pursuant to a publicly announced stock repurchase plan. For the quarter ended March 31, 2025 – 14,914 shares were exchanged by participants in United’s long-term incentive plans at an average price of $35.54.
(2)
Includes shares purchased in open market transactions by United for a rabbi trust to provide payment of benefits under a deferred compensation plan for certain key officers of United and its subsidiaries. For the quarter ended March 31, 2025, the following shares were purchased for the deferred compensation plan: February 2025 – 5 shares at an average price of $37.00.
(3)
In May of 2022, United’s Board of Directors approved a repurchase plan to repurchase up to 4,750,000 shares of United’s common stock on the open market (the “2022 Plan”). The timing, price and quantity of purchases under the plan is at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances.
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Table of Contents
Table of Contents
Item 3.
DEFAULTS UPON SENIOR SECURITIES
None.
Item 4.
MINE SAFETY DISCLOSURES
None.
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.