Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information regarding the repurchase of our common stock for the three months ended June 30, 2022 under the 2021 share repurchase authorization:
| Period | Total Number Of Shares Purchased | Average Price Paid Per Common Share | Total Number Of Shares Purchased As Part Of Publicly Announced Plans or Programs | Maximum Value Of Shares That May Yet Be Purchased Under The Plans Or Programs | |||||||||||||||||||
| 4/1/22 - 4/30/22 | 984,503 | $ | 50.80 | 984,503 | $ | 714,466,545 | |||||||||||||||||
| 5/1/22 - 5/31/22 (A) | 7,905,506 | $ | 63.28 | 7,905,506 | $ | 214,216,545 | |||||||||||||||||
| 6/1/22 - 6/30/22 (A) | 1,545,468 | $ | — | 1,545,468 | $ | 214,216,545 | |||||||||||||||||
| Total for the quarter | 10,435,477 | $ | 52.73 | 10,435,477 | $ | 214,216,545 |
(A) In May 2022, we entered into an accelerated stock repurchase transaction whereby we agreed to repurchase a total of $500 million of our common stock with an initial delivery of approximately 7.9 million shares. This transaction was completed on June 28, 2022, at which time we received, at no additional cost, approximately 1.6 million additional shares of our common stock resulting from changes in the volume weighted average stock price of our common stock over the term of the transaction, less a discount. The average price paid per common share in May 2022 does not reflect the holdback shares that we received upon completion of the accelerated stock repurchase transaction. If we had received the additional approximately 1.6 million shares at inception of the accelerated stock repurchase transaction, the total number of shares purchased under this transaction would have been approximately 9.5 million with an average price paid per common share of approximately $52.93.
MASCO CORPORATION
PART II. OTHER INFORMATION, Continued
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