Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table summarizes the share repurchases made by the Company under its publicly announced equity repurchase program during the three months ended June 30, 2022:
For the Month Ended Number of Shares Repurchased Weighted Average Price Paid Per Share Shares Repurchased as Part of a Publicly Announced Program Approximate Dollar Value Remaining Under the Program (in thousands) (1)
April 30, 2022 — $ — — $ 800,149
May 31, 2022 1,094,245 $ 59.80 1,094,245 $ 734,713
June 30, 2022 1,287,683 $ 55.91 1,287,683 $ 662,713
(1) In April 2016, the Company's Board of Directors authorized an equity repurchase program of up to $1.0 billion of our common stock. Repurchases may be made at the discretion of the Company from time to time on the open market or in privately negotiated transactions. The Company is not obligated to make any repurchases, and the repurchase program may be discontinued at any time. Any shares acquired are available for general corporate purposes. Any shares repurchased during the periods presented are held as treasury shares.
As of June 30, 2022, we had $662.7 million in repurchase authority under the equity repurchase program.
The following table summarizes the shares we repurchased in satisfaction of employee tax withholding obligations on vested restricted stock during the three months ended June 30, 2022, which were not part of the Company's publicly announced equity repurchase program:
For the Month Ended Number of Shares Repurchased Weighted Average Price Paid Per Share Approximate Dollar Value of Repurchased Shares
(in thousands)
April 30, 2022 982 $ 73.01 $ 71,699
May 31, 2022 413 $ 63.90 $ 26,391
June 30, 2022 1,629 $ 64.25 $ 104,668
Item 3. Default 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.