ARCH CAPITAL GROUP LTD
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Issuer’s Repurchases of Equity Securities
The following table summarizes our purchases of common shares for the 2024 second quarter:
| Period | Total Number of SharesPurchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part ofPublicly AnnouncedPlans or Programs | Approximate DollarValue of Shares that May Yet be PurchasedUnder the Plan orPrograms ($000’s) (2) |
|---|---|---|---|---|
| 4/1/2024-4/30/2024 | 2,791 | $92.74 | — | $1,000,000 |
| 5/1/2024-5/31/2024 | 17,048 | 96.90 | — | $1,000,000 |
| 6/1/2024-6/30/2024 | — | — | — | $1,000,000 |
| Total | 19,839 | $96.31 | — |
(1)This column represents (in whole shares) open market share repurchases, including an aggregate of 2,791, 17,048 and nil shares repurchased by Arch Capital during April, May and June, respectively, other than through publicly announced plans or programs. We repurchased these shares from employees in order to facilitate the payment of withholding taxes on restricted shares granted and the exercise of stock appreciation rights, in each case at their fair value as determined by reference to the closing price of our common shares on the day the restricted shares vested or the stock appreciation rights were exercised.
(2)This column represents the remaining approximate dollar amount available at the end of each applicable period under Arch Capital’s $1.0 billion share repurchase authorization, authorized by the Board of Directors of ACGL on December 19, 2022. Repurchases may be effected from time to time in open market or privately negotiated transactions through December 31, 2024.
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