Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
2K characters. Original on sec.gov ·
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
(c) The following table provides information about purchases of Holdings’ common stock by Holdings during the third 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) | |||||||||||||||||||
| July 1, 2023 to July 31, 2023 | 126,060 | (1) | $ | 445.91 | 125,241 | ||||||||||||||||||
| August 1, 2023 to August 31, 2023 | 178,729 | (1) | $ | 457.28 | 178,290 | ||||||||||||||||||
| September 1, 2023 to September 30, 2023 | 250,350 | (1) | $ | 451.99 | 249,287 | ||||||||||||||||||
| Total | 555,139 | $ | 452.31 | 552,818 | $ | 500,002,025 |
(1)In July 2023, August 2023 and September 2023, 819, 439 and 1,063 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 $6 million year-to-date through September 30, 2023.
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