1 unchanged sentence
Issuer Purchases of Equity Securities
+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: As of September 30, 2024, we have not made any repurchases under this program.
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 June 30, 2024, we have repurchased a total of 9,843,294 outstanding shares at a cost of $339 million.
−Removed: As of June 30, 2024, we had $61 million remaining available for future repurchases under this program through September 3, 2024.
−Removed: See Liquidity and Capital Resources – Liquidity in Part I, Item 2 of this Quarterly Report on Form 10-Q for more information.
+Added: At the time of expiration, we repurchased a total of 11,319,091 outstanding shares at an aggregate cost of $400 million under this program.
Average price
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(in millions) (2)
−Removed: 1, 2024 through Apr.
−Removed: May 1, 2024 through May 31, 2024
−Removed: 1, 2024 through Jun.
+Added: 1, 2024 through Jul.
+Added: 1, 2024 through Aug.
+Added: 1, 2024 through Sep.
(1) The average price paid per share is calculated on a trade date basis and excludes associated commissions and taxes.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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: (2) As noted above, the prior share repurchase authorization was authorized through September 3, 2024, and a new share repurchase authorization was effective September 4, 2024.
+Added: See Liquidity and Capital Resources – Liquidity in Part I, Item 2 of this Quarterly Report on Form 10-Q for more information.
Share Purchase Agreement, dated June 3, 2024, by and among Frontdoor, Inc., 2-10 HBW Acquisition, L.P., and 2-10 Holdco, Inc.
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FRONTDOOR, INC.
−Removed: August 1, 2024
+Added: November 4, 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.