UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On February 17, 2022, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company's outstanding common stock from time to time on the open market or in privately negotiated transactions, with 10 million shares remaining authorized under the share repurchase program as of September 29, 2023.
+Added: On February 17, 2022, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company’s outstanding common stock from time to time on the open market or in privately negotiated transactions.
+Added: On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares, with 20 million shares remaining authorized under the share repurchase program as of March 29, 2024.
There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company’s management based on market conditions and other factors.
The repurchase program may be suspended or discontinued at any time by the Board of Directors.
−Removed: During the year-to-date period ended September 29, 2023, the Company purchased 1 million shares of its common stock at an average price of $78.74.
−Removed: The following table provides details about our share repurchases during the fiscal quarter ended September 29, 2023.
−Removed: Period Total number
−Removed: Average price
−Removed: paid per share
−Removed: of shares (or units)
−Removed: as part of publicly
−Removed: announced plans or
−Removed: programs Maximum number
−Removed: (or approximate dollar
−Removed: value) of shares
−Removed: (or units) that may yet be
−Removed: purchased under the
−Removed: plans or programs
−Removed: Jul 1 - Jul 31 — $ — N/A N/A
−Removed: Aug 1 - Aug 31 1,000,000 78.74 1,000,000 10,000,000
−Removed: Sep 1 - Sep 29 — — N/A N/A
−Removed: Total 1,000,000 $ 78.74 1,000,000 10,000,000
+Added: During the quarter ended March 29, 2024, the Company did not repurchase any of its common stock.
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.