Huron Consulting Group Inc
For the period ended Jun 30, 2024. Filed Jul 30, 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 Jul 30, 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. |
|---|
Our Stock Ownership Participation Program and 2012 Omnibus Incentive Plan permit the netting of common stock upon vesting of restricted stock awards to satisfy individual tax withholding requirements. During the quarter ended June 30, 2024, we reacquired 1,627 shares of common stock with a weighted average fair market value of $93.88 as a result of such tax withholdings.
In November 2020, our board of directors authorized a share repurchase program permitting us to repurchase up to $50 million of our common stock through December 31, 2021. The share repurchase program has been subsequently extended and increased, most recently in the second quarter of 2024. The current authorization extends the share repurchase program through December 31, 2025 with a repurchase amount of $500 million, of which $89.9 million remains available as of June 30, 2024.The amount and timing of repurchases under the share repurchase program were and will continue to be determined by management and depend on a variety of factors, including the trading price of our common stock, capacity under our credit facility, general market and business conditions, and applicable legal requirements.
The following table provides information with respect to purchases we made of our common stock during the quarter ended June 30, 2024.
| Period | Total Number of Shares Purchased (1) | Average PricePaid per Share | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs | Dollar Value of Sharesthat may yet bePurchased under thePlans or Programs (2) |
|---|---|---|---|---|
| April 1, 2024 - April 30, 2024 | 154,762 | $94.73 | 153,135 | $9,474,528 |
| May 1, 2024 - May 31, 2024 | 223,358 | $87.39 | 223,358 | $89,948,343 |
| June 1, 2024 - June 30, 2024 | — | $— | — | $89,948,343 |
| Total | 378,120 | $90.40 | 376,493 |
(1)The number of shares repurchased included 1,627 shares in April 2024 to satisfy employee tax withholding requirements. These shares do not reduce the repurchase authority under the share repurchase program.
(2)As of the end of the period.
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