1 unchanged sentence
Repurchase of Equity Securities
−Removed: On April 23, 2024, the Company’s Board of Directors (the “Board”) authorized a new stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Class A Common Stock (“Common Stock”) during the three-year period ending on the close of business on April 28, 2027 (the “2024 Stock Repurchase Program”).
+Added: On April 23, 2024, the Company’s Board of Directors (the “Board”) authorized a stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Class A Common Stock (“Common Stock”) during the three-year period ending on the close of business on April 28, 2027 (the “2024 Stock Repurchase Program”).
The 2024 Stock Repurchase Program became effective on April 29, 2024.
−Removed: During the three months ended September 30, 2024, the Company repurchased 2.7 million shares of its Common Stock for $176.2 million under the 2024 Stock Repurchase Program.
−Removed: All of the repurchased shares under the 2024 Stock Repurchase Program during the three months ended September 30, 2024 have been retained in Treasury stock at the time of repurchase.
−Removed: From October 1, 2024 to October 22, 2024, the Company repurchased 0.6 million additional shares of its Common Stock for $35.8 million, and, as of October 23, 2024, the Company has remaining authorization to purchase up to $1,669.4 million of its Common Stock under the 2024 Stock Repurchase Program.
+Added: During the three months ended March 31, 2025, the Company repurchased 2.7 million shares of its Common Stock for $180.9 million under the 2024 Stock Repurchase Program.
+Added: All of the repurchased shares during the first three months of 2025 were retired by the Company .
+Added: From April 1, 2025 to April 22, 2025, the Company repurchased 0.7 million additional shares of its Common Stock for $43.9 million, and, as of April 22, 2025, the Company has remaining authorization to purchase up to $1,311.6 million of its Common Stock under the 2024 Stock Repurchase Program.
The timing and amount of any future repurchases will depend on a number of factors, such as the 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.
−Removed: The table below reflects the Company’s stock repurchases for the three months ended September 30, 2024, adjusted to give effect to the two-for-one stock split, which is discussed in Note 1 of the Notes to Condensed Consolidated Financial Statements:
+Added: The table below reflects the Company’s stock repurchases for the three months ended March 31, 2025, adjusted to give effect to the two-for-one stock split, which is discussed in Note 1 of the Notes to Condensed Consolidated Financial Statements:
Total Number of
8 unchanged sentences
Plans or Programs
−Removed: July 1 to July 31, 2024
−Removed: August 1 to August 31, 2024
−Removed: September 1 to September 30, 2024
+Added: January 1 to January 31, 2025
+Added: February 1 to February 28, 2025
+Added: March 1 to March 31, 2025
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.