REGENCY CENTERS CORP
For the period ended Jun 30, 2024. Filed Aug 2, 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 2, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
There were no unregistered sales of equity securities during the three months ended June 30, 2024.
The following table represents information with respect to purchases by the Parent Company of its common stock, by month, during the three months ended June 30, 2024:
| 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 number or approximate dollar value of shares that may yet be purchased under the plans or programs (in thousands) (2) | |||||
|---|---|---|---|---|---|
| April 1 through April 30, 2024 | 664 | (1) | $58.80 | — | $230,000 |
| May 1 through May 31, 2024 | 1,612,989 | $59.61 | 1,612,873 | $133,862 | |
| June 1 through June 30, 2024 | 1,693,836 | $61.32 | 1,693,836 | $30,000 | |
(1)
Represents shares repurchased to cover payment of withholding taxes in connection with restricted stock vesting by participants under Regency’s Long-Term Omnibus Plan.
(2)
Our Board has authorized a common stock repurchase program under which we may purchase up to a maximum of $250 million of our outstanding common stock through open market purchases, and/or in privately negotiated transactions. The timing and price of stock repurchases will be dependent upon market conditions and other factors. Any stock repurchased, if not retired, will be treated as treasury stock. This program was to expire on February 7, 2025, unless modified, extended or earlier terminated by the Board in its discretion.
On July 31, 2024, the Board authorized and approved a new common stock repurchase program that replaces and supercedes, in all respects, the current program noted above. Under the new program we may repurchase up to $250 million shares of the Company's outstanding common stock. The Company intends for repurchases, if any, to be through open market purchases in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. The new program expires on June 30, 2026, unless modified, extended or earlier terminated by the Board at its discretion.
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