Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In September 2022, our Board of Directors authorized a new repurchase program for up to $200 million of our common stock over a term of four years (the “2022 Repurchase Program”). Any repurchases will be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions, or otherwise. With respect to open market purchases, we may use a plan or plans meeting the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed blackout periods.
The following table presents purchases of our common stock and related information for each of the months in the quarter ended January 28, 2023.
(in millions, except shares and per share amounts) Total Number of Shares Purchased (2)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
Period (1) :
October 30, 2022 to December 3, 2022 115,252 $ 45.66 104,742 $ 183
December 4, 2022 to December 31, 2022 159,776 $ 39.71 152,800 $ 177
January 1, 2023 to January 28, 2023 150,388 $ 39.76 132,686 $ 171
Total 425,416 $ 41.34 390,228 $ 171
(1) The reported periods conform to our fiscal calendar.
(2) These amounts represent the deemed surrender by participants in our compensatory stock plans of 35,188 shares of our common stock to cover withholding taxes from the vesting of restricted stock units granted under such plans and the repurchase of 390,228 shares of our common stock under the 2022 Repurchase Program.
(3) The amounts shown in this column represent the amount remaining under the 2022 Repurchase Program as of December 3, 2022, December 31, 2022 and January 28, 2023.
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.