Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Compensation
The Company grants restricted stock units ("RSUs") and performance stock units ("PSUs") to eligible participants under its 2021 Stock Incentive Plan, which was approved by the Board of Directors and stockholders. The RSUs granted to employees vest ratably over three to five years and one year for members of the board of directors, in each case from the grant date. PSU vesting is subject to the achievement of certain performance and market conditions and the number of PSUs earned could vary from 0% to 200% of the number of PSUs awarded. The PSUs will vest at the end of a three year-performance period. We issue new shares to satisfy our obligations under these plans. The fair value of each RSU and PSU is calculated at the date of the grant.
During the nine months ended June 30, 2022, we issued approximately 333,000 RSUs, which will vest ratably over one to four years, and approximately 87,000 PSUs, which will vest after three years.
Stock Purchases
Under a resolution adopted in March 2020, the Board of Directors authorized the purchase, at management's discretion, of up to $200.0 million of our common stock. As of June 30, 2022, $72.8 million remained available for future stock purchases.
Table 9: Stock Purchase Activity
For the Three Months Ended For the Nine Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
(in thousands, except per share data)
Amount paid for shares repurchased $ 48,021  $ —  $ 73,864  $ 3,363 
Number of shares repurchased 706  —  1,054  52 
Average per share price paid $ 68.01  $ —  $ 70.07  $ 64.98 
Since June 30, 2022, we have acquired an additional 353,848 shares of our common stock for $22.3 million.