−Removed: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On September 7, 2021, we announced a three-year repurchase authorization of up to $400 million of outstanding shares of our common stock over the three-year period from September 3, 2021 through September 3, 2024.
−Removed: As of March 31, 2024, we have repurchased a total of 8,483,316 outstanding shares at a cost of $294 million, and we had $106 million remaining available for future repurchases under this program.
+Added: As of June 30, 2024, we have repurchased a total of 9,843,294 outstanding shares at a cost of $339 million.
+Added: As of June 30, 2024, we had $61 million remaining available for future repurchases under this program through September 3, 2024.
See Liquidity and Capital Resources – Liquidity in Part I, Item 2 of this Quarterly Report on Form 10-Q for more information.
6 unchanged sentences
(in millions)
−Removed: 1, 2024 through Jan.
−Removed: 1, 2024 through Feb 29, 2024
−Removed: 1, 2024 through Mar.
+Added: 1, 2024 through Apr.
+Added: May 1, 2024 through May 31, 2024
+Added: 1, 2024 through Jun.
(1) The average price paid per share is calculated on a trade date basis and excludes associated commissions and taxes.
−Removed: Separation and Distribution Agreement, dated as of September 28, 2018, by and between ServiceMaster Global Holdings, Inc.
−Removed: and Frontdoor, Inc.
−Removed: (incorporated by reference to Exhibit 2.1 to Frontdoor’s Current Report on Form 8-K filed on October 1, 2018).
+Added: On July 26, 2024, our Board of Directors approved a new share repurchase authorization of up to $650 million of our common stock over the three-year period from September 4, 2024 through September 4, 2027.
+Added: Purchases under this new $650 million repurchase program may be made from time to time by the company in the open market at prevailing market prices (including through a Rule 10b5-1 Plan), in privately negotiated transactions, or through any combination of these methods, through September 4, 2027.
+Added: The actual timing, number, manner and value of any shares repurchased will depend on several factors, including the market price of the company’s stock, general market and economic conditions, the company’s liquidity requirements, applicable legal requirements and other business considerations.
+Added: The repurchase program does not obligate us to acquire any number of shares in any specific period or at all and may be suspended or discontinued at any time at our discretion.
+Added: Share Purchase Agreement, dated June 3, 2024, by and among Frontdoor, Inc., 2-10 HBW Acquisition, L.P., and 2-10 Holdco, Inc.
+Added: (incorporated by reference to Exhibit 2.1 to Frontdoor’s Current Report on Form 8-K filed on June 4, 2024).
Restated Certificate of Incorporation of Frontdoor, Inc.
2 unchanged sentences
(incorporated by reference to Exhibit 3.2 to Frontdoor’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023).
−Removed: Form of Performance Share Grant Notice under the Frontdoor, Inc.
−Removed: 2018 Omnibus Incentive Plan, effective March 2024.
−Removed: Form of Restricted Stock Unit Agreement under the Frontdoor, Inc.
−Removed: Omnibus Incentive Plan, effective March 2024.
Certification of Chief Executive Officer pursuant to Rule 13a - 14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
5 unchanged sentences
Cover page formatted as Inline XBRL and included in Exhibit 101.
−Removed: # Denotes management compensatory plans, contracts or arrangements.
* Filed herewith.
3 unchanged sentences
FRONTDOOR, INC.
+Added: August 1, 2024
/s/ Jessica P.
2 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.