INDEPENDENCE REALTY TRUST, INC.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed Apr 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2.** Unregistered Sales of Equity Securities and Use of Proceeds.
During the three months ended March 31, 2026, no holders of IROP units exchanged units for shares of our common stock. The issuance of shares upon exchange of units is exempt from registration under the Securities Act, pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act. As of March 31, 2026, 5,941,643 IROP units held by unaffiliated third parties remained outstanding.
During the three months ended March 31, 2026, we withheld shares of common stock to satisfy employee tax withholding obligations payable upon the vesting of restricted common stock awards and repurchased and retired 1,839,460 shares of common stock under our Stock Repurchase Program at a weighted average price of $16.24 per share at a total cost of $29.9 million. As of March 31, 2026, $190.1 million in shares of our common stock remained authorized for repurchase under our Stock Repurchase Program. The table below sets forth information regarding purchases of our common stock during the three months ended March 31, 2026:
| Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) (2) |
|---|---|---|---|---|
| January 1 - 31, 2026 | 1,224 | $17.60 | — | $250,000 |
| February 1 - 28, 2026 | — | — | 605,900 | 210,100 |
| March 1 - 31, 2026 | 58,439 | 16.64 | 1,233,560 | 190,100 |
| Total | 59,663 | $16.66 | 1,839,460 |
| (1) | The price reported is the average price paid per share using our closing price on the NYSE on the vesting date of the relevant award. |
| (2) | On May 18, 2022, our Board of Directors approved the Stock Repurchase Program covering up to $250 million in shares of our common stock. Under the Stock Repurchase Program, we, in our discretion, may purchase our shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors, including the price and availability of our shares, trading volumes and general market conditions. The Stock Repurchase Program has no time limit and may be suspended or discontinued at any time. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.