filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
| Total number of shares purchased (1) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Approximate dollar value of shares that may yet be purchased under the plans or programs ($000’s omitted) (2) | ||||||||||||||||||||
| January 1, 2023 to January 31, 2023 | 601,651 | $ | 49.84 | 601,651 | $ | 352,912 | |||||||||||||||||
| February 1, 2023 to February 28, 2023 | 933,107 | $ | 55.88 | 933,107 | $ | 300,766 | |||||||||||||||||
| March 1, 2023 to March 31, 2023 | 1,227,517 | $ | 55.29 | 1,227,517 | $ | 232,897 | |||||||||||||||||
| Total | 2,762,275 | $ | 54.30 | 2,762,275 |
(1) During 2023, participants surrendered shares for payment of minimum tax obligations upon the vesting or exercise of previously granted share-based compensation awards. Such shares were not repurchased as part of our publicly-announced share repurchase programs and are excluded from the table above.
(2) The Board of Directors approved a share repurchase authorization increase of $1.0 billion on January 31, 2022. There is no expiration date for this program, under which $232.9 million remained as of March 31, 2023. This repurchase authorization was increased by $1.0 billion on April 24, 2023. During 2023, we repurchased 2.8 million shares for a total of $150.0 million under this program.
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