08/07/2025 | Press release | Distributed by Public on 08/07/2025 12:55
Unregistered Sales of Equity Securities and Use of Proceeds
In November 2022, the Company's Board of Directors authorized management to repurchase up to 1,000,000 shares of the Company's outstanding common stock, under a program of open market purchases or privately negotiated transactions. This program does not have an expiration date. This program became effective in April 2023, upon completion of the previously authorized repurchase program.
In April 2025, the Company's Board of Directors authorized management to repurchase up to an additional 1,000,000 shares of the Company's outstanding common stock, under a program of open market purchases or privately negotiated transactions. This program does not have an expiration date. This program will become effective upon completion of the repurchase program authorized in November 2022.
From time to time, the Company may utilize a pre-arranged trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 to repurchase its shares under its repurchase programs.
The following table reflects the Company's repurchase activity during the three months ended June 30, 2025.
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Total Number of |
Maximum Number |
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Total Number |
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Average |
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Shares Purchased |
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of Shares that May |
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of Shares |
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Price |
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as Part of Publicly |
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Yet Be Purchased |
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Purchased |
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Per Share |
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Announced Plan |
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Under the Plan(1) |
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April 1, 2025 - April 30, 2025 |
94,291 |
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$ |
53.92 |
94,291 |
175,594 |
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May 1, 2025 - May 31, 2025 |
49,200 |
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56.29 |
49,200 |
126,394 |
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June 1, 2025 - June 30, 2025 |
32,507 |
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56.81 |
32,507 |
93,887 |
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175,998 |
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$ |
55.11 |
175,998 |
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(1) | Amount represents the number of shares available to be repurchased as of the last calendar day of the month shown. |