filings.toolsItem 1A. Risk Factors.
3K characters. Original on sec.gov · Markdown
Item 1A. Risk Factors.
There were no material changes to the risks described in Part I, Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)None
(b)None
(c)Purchases of Equity Securities by the Issuer
In February 2022, our Board of Directors authorized a new share repurchase program of up to 20 million shares of our outstanding common stock. The shares may be repurchased from time to time in one or more open market repurchases or privately negotiated transactions, including accelerated share repurchase transactions. The actual timing, number and value of shares repurchased under the program will depend on a number of factors, including the market price of our common stock, general market and economic conditions, applicable legal requirements, compliance with the terms of our outstanding indebtedness and other considerations. There is no assurance as to the number of shares that will be repurchased, and the repurchase program may be suspended or discontinued at any time at our Board of Directors' discretion. This share repurchase authorization replaces the previous share repurchase authorization announced in February 2018.
| Period | Total Number of Shares (or Units) Purchased (1) | Average Price Paid per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Repurchase Plans or Programs | Maximum Number of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||||||||||||||
| January 1, 2022 - January 31, 2022 | — | $ | — | — | 4,554,346 | |||||||||||||||||||||
| February 1, 2022 - February 28, 2022 | 4,508,566 | 88.72 | 4,508,566 | 15,491,434 | ||||||||||||||||||||||
| March 1, 2022 - March 31, 2022 | 719 | 107.54 | — | 15,491,434 | ||||||||||||||||||||||
| April 1, 2022 | — | — | — | 15,491,434 | ||||||||||||||||||||||
| Total | 4,509,285 | $ | 88.72 | 4,508,566 |
(1) The total number of shares purchased includes shares surrendered to satisfy statutory tax withholdings obligations related to vesting of restricted stock units.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
Previous: Item 4. Controls and Procedures. · Next: Item 5. Other Information.