Zurn Elkay Water Solutions Corp 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS In fiscal 2015, the Company's Board of Directors approved a stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board of Directors. During the three months ended March 31, 2024, the Company repurchased 620,844 shares of common stock at a total cost of $18.9 million at a weighted average price of $30.41 per share. The repurchased shares were canceled by the Company upon receipt. The remaining repurchase authority under the Repurchase Program at March 31, 2024 was $371.6 million. ISSUER PURCHASES OF EQUITY SECURITIES Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value that may yet be Purchased Under the Plans or Programs Period January 1 - January 31, 2024 267,319 $ 28.59 267,319 $ 382,808,467 February 1 - February 29, 2024 49,626 $ 30.86 49,626 $ 381,276,029 March 1 - March 31, 2024 303,899 $ 31.93 303,899 $ 371,567,092 Total/Average 620,844 $ 30.41 620,844