17 unchanged sentences
Total third quarter fiscal 2023
−Removed: Class A Common Stock 4,359,323 40.59
+Added: Class A Common Stock (d)
+Added: 27,481,280 42.55
Class B Common Stock 2,567,349 31.48
1 unchanged sentence
Class A Common Stock 7,712,260 32.42
−Removed: Class B Common Stock 2,421,822 31.73
Total fiscal 2023
−Removed: Class A Common Stock
+Added: Class A Common Stock (d)
46,031,503 38.44
4 unchanged sentences
These amounts exclude any fees, commissions or other costs associated with the share repurchases.
−Removed: The Company's Board of Directors has authorized a $4 billion stock repurchase program, under which
−Removed: the Company can repurchase Common Stock.
−Removed: The program has no time limit and may be modified,
−Removed: suspended or discontinued at any time.
+Added: The Company’s Board of Directors (the “Board”) previously authorized a stock repurchase program, under which the Company can repurchase $4 billion of Common Stock.
+Added: In February 2023, the Board authorized incremental stock repurchases of an additional $3 billion of Common Stock.
+Added: With this increase, the Company’s total stock repurchase authorization is now $7 billion.
+Added: The program has no time limit and may be modified, suspended or discontinued at any time.
+Added: In February 2023, in connection with the stock repurchase program, the Company entered into an accelerated share repurchase (“ASR”) agreement under which the Company paid a third-party financial institution $1 billion and received an initial delivery of approximately 22.5 million shares of Class A Common Stock, representing 80% of the shares expected to be repurchased under the ASR agreement, at a price of $35.54 per share (See Note 11—Stockholders’ Equity to the accompanying Consolidated Financial Statements under the heading “Stock Repurchase Program”).
In total, the Company repurchased approximately 54 million shares of Common Stock for $2 billion during fiscal 2023.
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.