Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table sets forth stock repurchases for each of the three months of the quarter ended March 31, 2021:
Approximate Dollar
Total Number of Shares
Value of Shares that
Purchased as Part of
May Yet Be Purchased
Total Number of
Average Price
Publicly Announced
Under the Plans or
Period
Shares Purchased (a)
Paid per Share
Plans or Programs (b)
Programs (in millions)
January 1 - 31
21,998
$
22.59
—
$
782.6
February 1 - 28
1,509,909
$
23.59
965,923
$
760.0
March 1 - 31
2,148,772
$
24.61
2,127,981
$
707.6
Total
3,680,679
$
24.18
3,093,904
(a) These amounts represent both shares authorized by our Board of Directors for repurchase under a publicly announced authorization, as described below, as well as shares withheld from employees to cover tax withholding obligations on restricted stock units that have vested.
(b) On February 28, 2019, our Board of Directors authorized $1.0 billion of common stock repurchases through December 31, 2021, of which $707.6 million remained available as of March 31, 2021. In certain instances, management has historically and may continue to establish prearranged written plans pursuant to Rule 10b5-1. A Rule 10b5-1 plan permits us to repurchase shares at times when we may otherwise be unable to do so, provided the plan is adopted when we are not aware of material non-public information.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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.