Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUIT Y SECURITIES AND USE OF PROCEEDS.
Below are the repurchases of common stock by the Company or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) for the thirteen weeks ended March 29, 2025:
Issuer Purchases of Equity Securities
Thirteen Weeks Ended March 29, 2025
Total
number
of shares
purchased (a)
Average
price paid
per share
Total number of
shares purchased
as part of publicly
announced plans
or programs (a)
Maximum dollar
amount that may
yet be purchased
under the plans or
programs (a)
December 29 – January 25
1,069,474
$
70.13
1,069,474
$
409,394,932
January 26 – February 22
660,570
$
68.12
660,570
955,000,565
February 23 – March 29
857,084
$
64.17
857,084
900,000,096
Total
2,587,128
$
67.64
2,587,128
(a) Information on the Company’s share repurchase program follows:
Authorization date
Announcement date
Authorization amount of shares
of outstanding common stock
Expiration date
Termination Date
January 29, 2024
January 29, 2024
$650,000,000
January 29, 2026
February 4, 2025
February 4, 2025
February 6, 2025
$1,000,000,000
February 4, 2027
N/A
On February 6, 2025, the Company announced that on February 4, 2025, the Company's Board of Directors authorized the repurchase of up to $1 billion of shares of the Company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions or otherwise (including pursuant to a Rule 10b5-1 trading plan, block trades and accelerated share repurchase transactions), which share repurchase authorization will expire on February 4, 2027, in accordance with applicable securities laws. The $1 billion share repurchase authorization replaced the then-existing authorization, effective on February 4, 2025, that otherwise would have expired on January 29, 2026.
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