Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities.
On May 15, 2024, we announced a new stock repurchase program under which the Company is authorized to repurchase up to 5,000,000 shares of its common stock. As of June 30, 2025, the Company had purchased 3,216,658 shares pursuant to this authorization and had 1,783,342 shares remaining available for repurchase. The Company may purchase shares from time to time depending on market, economic, and other factors. The authorization will continue unless withdrawn by the Board of Directors.
The following table summarizes our stock repurchases during second quarter 2025 made pursuant to this authorization. The Company did not purchase any shares during second quarter 2025 other than pursuant to this authorization. All stock repurchases were made by the Company or on its behalf and not by any “affiliated purchaser,” as defined by Rule 10b-18 of the Exchange Act.
Issuer Purchases of Equity Securities
Period Total Number of
Shares Purchased Average Price
Paid per Share (1)
Total Number of Shares
Purchased as
Part of Publicly
Announced Plans or
Programs Maximum Number (or
Approximate Dollar
Value) of Shares that May Yet Be
Purchased Under the
Plans or Programs
April 1-30, 2025 — $ — — 3,896,349
May 1-31, 2025 1,729,868 $ 25.83 1,729,868 2,166,481
June 1-30, 2025 383,139 $ 27.02 383,139 1,783,342
Total 2,113,007 $ 26.05 2,113,007
(1) Average price paid per share for open market purchases include broker commissions, but exclude excise tax.
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