UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The following table provides information about our repurchase of equity securities that are registered by us pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, during the quarter ended March 31, 2024.
+Added: The following table provides information about our repurchase of equity securities pertaining to the 2021 Share Repurchase Authorization, as defined below, that are registered by us pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, during the quarter ended June 30, 2024.
Total Number of shares purchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Program Maximum Dollar amount of shares that may yet be Purchased Under the Program
−Removed: January 1 - January 31 18,933 $ 221.66 18,933 $ 145,942,335
−Removed: February 1 - February 29 17,274 $ 231.33 36,207 $ 141,946,415
−Removed: March 1 - March 31 16,405 $ 243.70 52,612 $ 137,948,565
−Removed: For the quarter ended March 31, 2024 52,612 $ 231.72 52,612 $ 137,948,565
+Added: April 1 - April 30 17,364 $254.05 69,976 $ 133,537,266
+Added: May 1 - May 31 15,953 $275.63 85,929 $ 129,140,068
+Added: June 1 - June 30 13,857 $274.01 99,786 $ 125,343,055
+Added: For the quarter ended June 30, 2024 47,174 $267.21 99,786 $ 125,343,055
In November 2023, the Corporation adopted two written trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
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The second trading plan includes opportunistic share repurchases up to $100 million during 2024 to be executed through a 10b5-1 program.
+Added: The Corporation implemented these written trading plans in connection with its previously authorized $550 million share repurchase program on September 16, 2021, of which $100 million re mains available for repurchase (the “2021 Share Repurchase Authorization”).
The terms of these trading plans can be found in the Corporation’s Form 8-K filed with U.S.
Securities and Exchange Commission on November 28, 2023.
+Added: On May 9, 2024, our Board of Directors authorized the Corporation to repurchase up to an additional $300 million of its common stock (the “2024 Share Repurchase Authorization”).
+Added: As of June 30, 2024, the Corporation has not executed against the 2024 Share Repurchase Authorization.
+Added: The total available authorization under the 2021 Share Repurchase Authorization and the 2024 Share Repurchase Authorization is $400 million.
+Added: The repurchase of the Corporation’s common stock under the 2021 Share Repurchase Authorization and the 2024 Share Repurchase Authorization (together, the “Share Repurchase Programs”) may be made through a variety of methods, which could include open market purchases, accelerated share repurchase transactions, negotiated block transactions, 10b5-1 plans, other transactions that may be structured through investment banking institutions or privately negotiated, or a combination of the foregoing.
+Added: The Share Repurchase Programs do not have an expiration date and may be amended, discontinued, or terminated by the Corporation’s Board of Directors at any time without prior notice.
+Added: The timing, price, and volume of share repurchases will depend on market conditions, relevant securities laws, and corporate, tax, regulatory and other relevant considerations.
DEFAULTS UPON SENIOR SECURITIES
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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.