UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: 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.
+Added: 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 September 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: April 1 - April 30 17,364 $254.05 69,976 $ 133,537,266
−Removed: May 1 - May 31 15,953 $275.63 85,929 $ 129,140,068
−Removed: June 1 - June 30 13,857 $274.01 99,786 $ 125,343,055
−Removed: For the quarter ended June 30, 2024 47,174 $267.21 99,786 $ 125,343,055
+Added: July 1 - July 31 15,736 $279.41 115,522 $ 120,946,336
+Added: August 1 - August 31 14,856 $295.95 130,378 $ 116,549,750
+Added: September 1 - September 30 324,986 $319.98 455,364 $ 12,559,951
+Added: For the quarter ended September 30, 2024 355,578 $317.18 455,364 $ 12,559,951
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.
−Removed: 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”).
+Added: The Corporation implemented these written trading plans in connection with its previously authorized $550 million share repurchase program on September 16, 2021 (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.
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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”).
−Removed: As of June 30, 2024, the Corporation has not executed against the 2024 Share Repurchase Authorization.
−Removed: The total available authorization under the 2021 Share Repurchase Authorization and the 2024 Share Repurchase Authorization is $400 million.
−Removed: 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: As of September 30, 2024, the Corporation has not executed against the 2024 Share Repurchase Authorization.
+Added: On September 11, 2024, the Corporation adopted a written trading plan under Rule 10b5-1 of the Exchange Act.
+Added: The trading plan includes purchases in the total amount of $100 million.
+Added: The number of shares of Company common stock to be purchased on any purchase day will be up to the maximum daily target volume allowable under Rule 10b-18 of the Exchange Act.
+Added: Corporation completed the entire $100 million of repurchases under this trading plan during the third quarter.
+Added: As of September 30, 2024, the total available authorization under the 2021 Share Repurchase Authorization and 2024 Share Repurchase Authorization (together, the “Share Repurchase Programs”) is $300 million.
+Added: The repurchase of the Corporation’s common stock under 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.
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.
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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.