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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 September 30, 2020 is set forth below:
+Added: Information about the shares of our common stock that we repurchased during the quarter ended March 31, 2021 is set forth below:
Period Total Number of
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(in millions)
−Removed: July 1-31, 2020 4,547 $ 169.51 — $ 880.0
−Removed: August 1-31, 2020 872 175.55 — 880.0
−Removed: September 1-30, 2020 1,061 172.50 — 880.0
+Added: January 1-31, 2021 1,096,481 $ 193.12 1,093,564 $ —
+Added: February 1-28, 2021 (3)
+Added: 2,652,981 201.74 2,461,388 —
+Added: March 1-31, 2021 (3)
+Added: 427,749 188.34 400,488 —
Total 4,177,211 $ 198.11 3,955,440 $ 901.0
−Removed: (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 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.
−Removed: (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.
−Removed: As of September 30, 2020, the amount that may yet be purchased under our share repurchase program was $880.0 million.
+Added: (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 ("ASR") plans, discretionary open-market purchases or privately negotiated transactions.
+Added: During the quarter ended March 31, 2021, pursuant to our employee incentive plans, we withheld 221,811 shares, at an average price per share of $200.03 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
+Added: (2) As of March 31, 2021, we had $901.0 million of share repurchase authority remaining under our share repurchase program.
The board authorization does not expire, but could be revoked at any time.
In addition, we are not required by the board’s authorization or otherwise to complete any repurchases by any specific time or at all.
+Added: (3) On February 10, 2021, we entered into an ASR agreement with a financial institution to repurchase an aggregate of $500 million of our common stock.
+Added: The total number of shares delivered under this ASR was 2,491,161 shares at an average price of $200.71 per share.
ITEM 6—EXHIBITS
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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.
+Added: 4.1 Supplemental Indenture No.
+Added: 3, dated as of February 26, 2021, between Global Payments Inc.
+Added: 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 February 26, 2021.
+Added: 4.2 Form of Global Note representing the 1.200% Senior Notes due 2026 (included in Exhibit 4.1).
+Added: 10.1* Form of Restricted Stock Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2021).
+Added: 10.2* Form of Performance Unit Award Agreement pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2021).
+Added: 10.3* Form of Stock Option Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2021).
+Added: 10.4* Form of Supplemental Performance Unit Award Agreement pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2021).
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: 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:
+Added: 101* The following financial information from the Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, 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: October 29, 2020 /s/ Paul M.
+Added: May 4, 2021 /s/ Paul M.
Senior Executive Vice President and Chief Financial Officer
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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.