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On April 27, 2021, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $2.0 billion of its Common Stock during the three-year period ending April 27, 2024 (the “2021 Stock Repurchase Program”) in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
−Removed: During the three months ended June 30, 2022, the Company repurchased 2.7 million shares of its Common Stock for $186.0 million under the 2021 Stock Repurchase Program.
−Removed: All of the shares repurchased during the second quarter of 2022 under the 2021 Stock Repurchase Program have been retired by the Company.
−Removed: From July 1, 2022 to July 26, 2022, the Company repurchased 0.7 million additional shares of its Common Stock for $48.0 million under the 2021 Stock Repurchase Program, and, as of July 27, 2022, the Company has remaining authorization to purchase up to $1,104.2 million of its Common Stock under the 2021 Stock Repurchase Program.
−Removed: The price and timing of any future purchases under the 2021 Stock Repurchase Program will depend on a number of factors, such as levels of cash generation from operations, the volume of stock options exercised by employees, cash requirements for acquisitions, dividends paid, economic and market conditions and the price of the Company’s Common Stock.
−Removed: The table below reflects the Company’s stock repurchases for the three months ended June 30, 2022:
+Added: During the three months ended September 30, 2022, the Company repurchased 2.4 million shares of its Common Stock for $170.1 million under the 2021 Stock Repurchase Program.
+Added: Of the total repurchases made during the third quarter of 2022, 0.3 million shares, or $19.8, were retained in Treasury stock at the time of repurchase.
+Added: The remaining 2.1 million shares, or $150.3, have been retired by the Company.
+Added: From October 1, 2022 to October 25, 2022, the Company repurchased 0.6 million additional shares of its Common Stock for $41.9 million under the 2021 Stock Repurchase Program, and, as of October 26, 2022, the Company has remaining authorization to purchase up to $940.2 million of its Common Stock under the 2021 Stock Repurchase Program.
+Added: The price and timing of any future purchases under the 2021 Stock Repurchase Program will depend on a number of factors, such as levels of cash generation from operations, the volume of stock options exercised by employees, cash requirements for acquisitions, dividends paid, economic and market conditions and the price of the Common Stock.
+Added: The table below reflects the Company’s stock repurchases for the three months ended September 30, 2022:
Total Number of
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Plans or Programs
−Removed: April 1 to April 30, 2022
−Removed: May 1 to May 31, 2022
−Removed: June 1 to June 30, 2022
+Added: July 1 to July 31, 2022
+Added: August 1 to August 31, 2022
+Added: September 1 to September 30, 2022
Defaults Upon Senior Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.