10 unchanged sentences
Stock Performance Graph
−Removed: This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934 ( the “Exchange Act”), or incorporated by reference into any filing of Fortinet under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
+Added: This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 ( the “Exchange Act”), or incorporated by reference into any filing of Fortinet under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
The following graph compares the cumulative five-year total return for our common stock, the Standard & Poor’s 500 Stock Index (the “S&P 500 Index”) and the NASDAQ Computer Index.
19 unchanged sentences
Share Repurchase Program
−Removed: In January 2016, our board of directors approved our Share Repurchase Program (the “Repurchase Program”), which authorized the repurchase of up to $200.0 million of our outstanding common stock through December 31, 2017.
+Added: In January 2016, our board of directors approved our Share Repurchase Program, which authorized the repurchase of up to $200.0 million of our outstanding common stock through December 31, 2017.
From 2016 through 2023, our board of directors approved increases to our Repurchase Program by various amounts and extended the term to February 29, 2024.
+Added: In January 2024, our board of directors approved a $500.0 million increase in the authorized stock repurchase amount under the Repurchase Program, bringing the aggregate amount authorized to be repurchased to $7.25 billion of our outstanding common stock.
In February 2024, our board of directors approved an extension of the Repurchase Program to February 28, 2025.
−Removed: In April 2023 and July 2023, our board of directors approved $1.0 billion and $500.0 million increases in the authorized stock repurchase amount under the Repurchase Program, respectively, bringing the aggregate amount authorized to be repurchased to $6.75 billion.
+Added: In October 2024, our board of directors approved a $1.0 billion increase in the authorized stock repurchase amount under the Repurchase Program and extended the term of the Repurchase Program to February 28, 2026, bringing the aggregate amount authorized to be repurchased to $8.25 billion of our outstanding common stock through February 28, 2026.
Under the Repurchase Program, share repurchases may be made by us from time to time in privately negotiated transactions or in open market transactions.
−Removed: The Repurchase Program does not require us to purchase a minimum number of shares, and may be suspended, modified or discontinued at any time without prior notice.
+Added: The Repurchase Program does not require us to purchase a minimum number of shares, and may be
+Added: suspended, modified or discontinued at any time without prior notice.
Since its inception, we have repurchased 238.6 million shares of our common stock under the Repurchase Program for an aggregate purchase price of $6.22 billion.
−Removed: The following table provides information with respect to the shares of common stock we repurchased under the Repurchase Program during the three months ended December 31, 2023 (in millions, except average price paid per share amounts):
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program
−Removed: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: October 1 - October 31, 2023
−Removed: 7.7 $ 57.43 7.7 $ 980.0
−Removed: November 1 - November 30, 2023
−Removed: 9.1 $ 49.75 9.1 $ 529.1
−Removed: December 1 - December 31, 2023
−Removed: — $ — — $ 529.1
−Removed: Total 16.8 $ 53.29 16.8
−Removed: In January 2024, our board of directors approved a $500.0 million increase in the authorized stock repurchase amount under the Repurchase Program, bringing the aggregate amount authorized to be repurchased to $7.25 billion of our outstanding common stock.
−Removed: As of February 23, 2024, approximately $1.03 billion remained available for future share repurchases.
−Removed: In February 2024, our board of directors approved an extension of the Repurchase Program to February 28, 2025.
+Added: There were no repurchases of common stock during the three months ended December 31, 2024.
+Added: As of December 31, 2024, approximately $2.03 billion remained available for future share repurchases under the Repurchase Program.
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.