filings.toolsItem 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
(c) The following table provides information about purchases of Holdings’ common stock by Holdings during the first quarter of 2023:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Program (2) | |||||||||||||||||||
| January 1, 2023 to January 31, 2023 | 63,945 | (1) | $ | 391.95 | — | ||||||||||||||||||
| February 1, 2023 to February 28, 2023 | 110,898 | (1) | $ | 450.63 | 109,836 | ||||||||||||||||||
| March 1, 2023 to March 31, 2023 | 553,458 | (1) | $ | 411.01 | 495,127 | ||||||||||||||||||
| Total | 728,301 | $ | 415.37 | 604,963 | $ | 1,000,001,111 |
(1)In January 2023, February 2023 and March 2023, 63,945, 1,062 and 58,331 shares, respectively, were withheld by Holdings to satisfy tax withholding obligations upon the vesting of restricted stock unit awards. These shares were not acquired pursuant to any repurchase plan or program.
(2)On October 24, 2022, our Board authorized a $1.25 billion share repurchase program, which was paused through the initial phase of the integration of the Ahern Rentals acquisition that is discussed in note 3 to the condensed consolidated financial statements. Repurchases under the program began in the first quarter of 2023, and we expect to repurchase $1.0 billion of common stock under the program in 2023. A 1 percent excise tax is imposed on “net repurchases” (certain purchases minus certain issuances) of common stock. The repurchases above (as well as the total program size and expected 2023 repurchases) do not include the excise tax, which totaled $1 million year-to-date through March 31, 2023.
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