Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: In December 2021, the Board of Directors authorized a capital return program to repurchase up to $750.0 million of outstanding stock over a three-year period.
−Removed: We accelerated the initiation of our planned 2024 share repurchases and in November 2023, we entered into an ASR agreement with Bank of America, N.A.
−Removed: to accelerate the remaining $250.0 million of share repurchases under the approved capital return program.
−Removed: Pursuant to the agreement, at the inception of the ASR, we paid $250.0 million to Bank of America, N.A.
−Removed: and took initial delivery of 5.5 million shares.
−Removed: In June 2024, we finalized the transaction and received an additional 1.1 million shares, which completes the December 2021 capital return program.
+Added: In December 2021, the Board of Directors authorized a capital return program to repurchase up to $750.0 million of outstanding stock over a three-year period which we completed in June 2024.
In February 2024, our Board of Directors authorized a new capital return program to repurchase up to $750.0 million of our outstanding common stock.
+Added: There were no share repurchases made during the third quarter of 2024.
Defaults Upon Senior Securities
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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.