Item 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes with respect to the risk factors disclosed in our 2022 Annual Report on Form 10-K.
Item 2. UNREGISTERED SALES OF EQUITY S****ECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table provides information with respect to purchases of common stock made by the company during second quarter 2023:
| COMMON SHARE REPURCHASES DURING SECOND QUARTER 2023 | TOTAL NUMBER OF SHARES PURCHASED | AVERAGE PRICE PAID PER SHARE | TOTAL NUMBER OF SHARES PURCHASED AS PART OF PUBLICLY ANNOUNCED PROGRAMS | APPROXIMATE DOLLAR VALUE OF SHARES THAT MAY YET BE PURCHASED UNDER THE PROGRAMS | ||||||||||||
| April 1 – April 30 | 283,244 | $ | 30.36 | 283,244 | $ | 333,205,159 | ||||||||||
| May 1 – May 31 | 1,406,630 | 29.44 | 1,406,630 | 291,801,000 | ||||||||||||
| June 1 – June 30 | — | — | — | 291,801,000 | ||||||||||||
| Total | 1,689,874 | $ | 29.59 | 1,689,874 | $ | 291,801,000 |
On September 22, 2021, we announced that our board had approved a new share repurchase program (the 2021 Repurchase Program) under which we are authorized to repurchase up to $1 billion of outstanding shares. Concurrently, the board terminated the remaining repurchase authorization under the 2019 Repurchase Program.
During second quarter 2023, we repurchased 1,689,874 shares for approximately $50 million (including transaction fees) under the 2021 Repurchase Program in open-market transactions. Transaction fees incurred for repurchases are not counted as use of funds authorized for repurchases under the 2021 Repurchase Program. As of June 30, 2023, we had remaining authorization of $292 million for future stock repurchases.
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