4 unchanged sentences
A substantially greater number of stockholders are “street name” or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions.
−Removed: Unregistered Sales of Equity Securities
−Removed: On August 1, 2022, we issued 9,923 restricted shares of our common stock to one individual in connection with our acquisition of a company.
−Removed: The restrictions lapse over three years subject to the individual's continued employment.
−Removed: The issuance of these shares was exempt from registration under the Securities Act of 1933, as amended, in reliance upon Section 4(a)(2) thereof.
Issuer Purchases of Equity Securities
−Removed: During the fiscal quarter ended October 30, 2022, we paid approximately $274 million in employee withholding taxes due upon the vesting of net settled equity awards.
−Removed: We withheld approximately 1 million shares of common stock from employees in connection with such net share settlement at an average price of $502.62 per share.
−Removed: These shares may be deemed to be “issuer purchases” of shares.
−Removed: In December 2021, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time on or prior to December 31, 2022.
−Removed: During fiscal year 2022, we repurchased and retired approximately 12 million shares of our common stock for $7 billion under this stock repurchase program.
−Removed: In May 2022, our Board of Directors authorized another stock repurchase program to repurchase up to an additional $10 billion of our common stock from time to time through December 31, 2023.
+Added: In December 2021, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time through December 31, 2022, which was subsequently extended to December 31, 2023.
+Added: In May 2022, our Board of Directors authorized another stock repurchase program to repurchase up to an additional $10 billion of our common stock from time to time through December 31, 2023 (“May 2022 Authorization”).
+Added: We repurchased and retired approximately 9 million and 12 million shares of our common stock for $5,824 million and $7,000 million under these stock repurchase programs during fiscal years 2023 and 2022, respectively.
Repurchases under our stock repurchase programs may be effected through a variety of methods, including open market or privately negotiated purchases.
1 unchanged sentence
We are not obligated to repurchase any specific amount of shares of common stock, and the stock repurchase programs may be suspended or terminated at any time.
+Added: The following table presents details of our various repurchases during the fiscal quarter ended October 29, 2023, pursuant to the May 2022 Authorization.
+Added: Period Total Number of Shares Purchased (a)
+Added: Average Price per Share Total Number of Shares Purchased as Part of Publicly Announced Plan (a)
+Added: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plan
+Added: (In millions, except per share data)
+Added: July 31, 2023 - August 27, 2023
+Added: 0.1 $ 894.78 0.1 $ 7,209
+Added: August 28, 2023 - September 24, 2023
+Added: — $ — — $ 7,209
+Added: September 25, 2023 - October 29, 2023
+Added: $ 861.23 — (b)
+Added: Total 0.1 $ 885.52 0.1
+Added: _________________________________
+Added: (a) We also paid approximately $454 million in employee withholding taxes due upon the vesting of net settled equity awards.
+Added: We withheld approximately 1 million shares of common stock from employees in connection with such net share settlement at an average price of $852.93 per share.
+Added: These shares may be deemed to be “issuer purchases” of shares and are not included in this table.
+Added: (b) Represents fewer than 0.1 million shares.
Stock Performance Graph
The following graph shows a comparison of cumulative total return for our common stock, the Standard & Poor’s 500 Stock Index (the “S&P 500 Index”) and the NASDAQ 100 Index for the five fiscal years ended October 29, 2023.
−Removed: The total return graph and table assume that $100 was invested on October 27, 2017 (the last trading day of our fiscal year 2017) in each of Broadcom Inc.
+Added: The total return graph and table assume that $100 was invested on November 2, 2018 (the last trading day of our fiscal year 2018) in each of Broadcom Inc.
common stock, the S&P 500 Index and the NASDAQ 100 Index and assume that all dividends are reinvested.
3 unchanged sentences
Among Broadcom Inc., the S&P 500 Index and the NASDAQ 100 Index
−Removed: October 29, 2017 November 4, 2018 November 3, 2019 November 1, 2020 October 31,
+Added: November 4, 2018 November 3, 2019 November 1, 2020 October 31,
2021 October 30,
+Added: 2022 October 29, 2023
Broadcom Inc.
4 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.