filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors discussed in Part I, Item 1A Risk Factors in our 2021 Form 10-K. We could also be affected by additional factors that are not presently known to us or that we currently consider to be immaterial to our operations.
**Item 2.**UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about our repurchase of equity securities that are registered by us pursuant to Section 12 of the Exchange Act, as amended, during the quarter ended March 31, 2022.
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program | Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions) | |||||||||||||||||||||||
| January 1 - January 31, 2022 | 9,403,746 | $ | 22.22 | 9,403,746 | $ | 1,382 | ||||||||||||||||||||
| February 1 - February 28, 2022 | 8,242,760 | $ | 21.81 | 8,242,760 | $ | 1,202 | ||||||||||||||||||||
| March 1 - March 31, 2022 | 9,914,395 | $ | 22.52 | 9,914,395 | $ | 979 | ||||||||||||||||||||
| For the quarter ended March 31, 2022 | 27,560,901 | $ | 22.21 | 27,560,901 | $ | 979 |
In October 2021, we announced that the Board had authorized a new share repurchase program (Share Repurchase Program) under which up to $2.0 billion of our outstanding common stock may be repurchased. The Share Repurchase Program became effective on October 11, 2021. The Share Repurchase Program supersedes the $1.5 billion share repurchase program previously announced in September 2020, which had $1.325 billion of remaining authorization as of September 30, 2021. As an initial step in our broader capital allocation plan, we intend to use all of the net proceeds from our October 2021 Series A Preferred Stock offering to repurchase shares of our outstanding common stock. We expect to complete repurchases under the Share Repurchase Program by the end of 2022.
Under the Share Repurchase Program, any purchases of shares of the Company's stock may be repurchased from time to time in open-market transactions at prevailing market prices, in privately negotiated transactions, pursuant to plans complying with the Exchange Act, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the Share Repurchase Program or otherwise will be determined at our discretion and will depend on a number of factors, including our capital allocation priorities, the market price of our stock, general market and economic conditions, applicable legal requirements and compliance with the terms of our debt agreements and the certificate of designation of the Series A Preferred Stock and the Series B Preferred Stock, respectively.
See Note 12 to the Financial Statements for more information concerning the Share Repurchase Program.
**Item 3.**DEFAULTS UPON SENIOR SECURITIES
None.
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