Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
Issuer Purchases of Equity Securities
Period Total Number of Shares Purchased (1)
Average Price Paid Per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
July 2, 2023 - July 29, 2023 — $ — — $ —
July 30, 2023 - August 26, 2023 567,151 165.30 567,151 125,000,000
August 27, 2023 - September 30, 2023 — — — —
Total 567,151 $ 165.30 567,151 $ 125,000,000
(1) On August 23, 2023, the Company entered into the ASR Agreement to repurchase $125.0 million of the Company’s common stock. Pursuant to the terms of the ASR Agreement, on August 25, 2023, the Company received and retired 567,151 shares of its common stock, based on the closing price on the date of delivery of $165.30. The delivery of any remaining shares will occur at the final settlement of the transactions under the ASR Agreement, which is scheduled in the fiscal fourth quarter of 2023. The final number of shares repurchased under the ASR Agreement will be based on the daily volume-weighted average share prices during the valuation period specified in the ASR Agreement, less a discount and subject to adjustments.
(2) On August 17, 2023, the Company announced a new share repurchase program with authorization to purchase up to $250.0 million of its outstanding shares of common stock. As of September 30, 2023, $125.0 million remained available under the Share Repurchase Authorization.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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