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(c) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Information about the shares of our common stock that we repurchased during the quarter ended June 30, 2020 is set forth below:
−Removed: Total Number of
+Added: Information about the shares of our common stock that we repurchased during the quarter ended September 30, 2020 is set forth below:
+Added: Period Total Number of
Shares Purchased (1)
−Removed: Average Price Paid per Share
−Removed: Total Number of
+Added: Average Price Paid per Share Total Number of
Shares Purchased as Part of
Publicly Announced
−Removed: Plans or Programs
+Added: Plans or Programs Maximum
Dollar Value) of
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(in millions)
−Removed: April 1-30, 2020
−Removed: May 1-31, 2020
−Removed: June 1-30, 2020
+Added: July 1-31, 2020 4,547 $ 169.51 — $ 880.0
+Added: August 1-31, 2020 872 175.55 — 880.0
+Added: September 1-30, 2020 1,061 172.50 — 880.0
+Added: Total 6,480 $ 170.81 — $ 880.0
(1) Our board of directors has authorized us to repurchase shares of our common stock through any combination of Rule 10b5-1 open-market repurchase plans, accelerated share repurchase plans, discretionary open-market purchases or privately negotiated transactions.
−Removed: During the quarter ended June 30, 2020 , pursuant to our employee incentive plans, we withheld 22,755 shares, at an average price per share of $172.87 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
−Removed: On February 26, 2020 , our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1.0 billion .
−Removed: As of June 30, 2020 , the amount that may yet be purchased under our share repurchase program was $880.0 million .
+Added: During the quarter ended September 30, 2020, pursuant to our employee incentive plans, we withheld 6,480 shares, at an average price per share of $170.81 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
+Added: (2) On October 28, 2020, our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1.25 billion.
+Added: As of September 30, 2020, the amount that may yet be purchased under our share repurchase program was $880.0 million.
The board authorization does not expire, but could be revoked at any time.
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3.3 Tenth Amended and Restated Bylaws of Global Payments Inc., incorporated by reference to Exhibit 3.2 to Global Payment Inc.’s Current Report on Form 8-K filed on May 1, 2020.
−Removed: Supplemental Indenture No.
−Removed: 2, dated as of May 15, 2020, between Global Payments Inc.
−Removed: Bank National Association, as trustee, incorporated by reference to Exhibit 4.2 to Global Payments Inc.s’ Current Report on Form 8-K filed on May 15, 2020.
−Removed: Form of Global Note (included in Exhibit 4.1)
−Removed: Underwriting Agreement, dated May 7, 2020, among the Company and the underwriters named therein, incorporated by reference to Exhibit 1.1.
−Removed: to Global Payments Inc.'s Current Report on Form 8-K filed on May 8, 2020.
31.1* Certification of the Principal Executive Officer pursuant to Exchange Act Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 .
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Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: The following financial information from the Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, formatted in Inline XBRL (eXtensible Business Reporting Language) and filed electronically herewith:
+Added: 101* The following financial information from the Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, formatted in Inline XBRL (eXtensible Business Reporting Language) and filed electronically herewith:
(i) the Unaudited Consolidated Statements of Income;
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Global Payments Inc.
−Removed: August 3, 2020
+Added: October 29, 2020 /s/ Paul M.
Senior Executive Vice President and Chief Financial Officer
1 unchanged sentence
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.