Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
 
Information regarding risk factors appears in Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report on Form 10-Q and in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022.
 
22
 
 
ITEM 2.           UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
 
Purchases of Equity Securities
 
The following table summarizes purchases of our common stock during the three months ended September 30, 2023:
 
 
 
Period
 
Number of
Common
Shares
Purchased
 
 
Average Price
Paid Per
Common Share Purchased
 
 
Total Number of Shares
Purchased as
Part of a
Publicly
Announced Plan
(1)
 
 
Maximum
Dollar
Amount
of Shares That
May Yet Be Purchased
Under the Plan
(in millions) (1)
 
July 1 through July 31, 2023
 
 
-
 
 
$
-
 
 
 
-
 
 
$
467
 
August 1 through August 31, 2023
 
 
131,741
 
 
 
193.82
 
 
 
131,741
 
 
 
442
 
September 1 through September 30, 2023
 
 
135,525
 
 
 
188.65
 
 
 
135,525
 
 
 
416
 
Total
 
 
267,266
 
 
$
191.20
 
 
 
267,266
 
 
$
416
 
 
(1)         On July 20, 2022, our Board of Directors authorized the purchase of up to $500 million of our common stock. This stock repurchase program has no expiration date.
 
ITEM 3.           DEFAULTS UPON SENIOR SECURITIES
 
Not applicable.
 
ITEM 4.         MINE SAFETY DISCLOSURES
 
Not applicable.
 
ITEM 5.           OTHER INFORMATION
 
During the three months ended September 30, 2023, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
 
ITEM 6.           EXHIBITS
 
Index to Exhibits
 
23
 
 
 
Exhibit
Number
 
Exhibits
3.1
 
Amended and Restated Articles of Incorporation of J.B. Hunt Transport Services, Inc. dated May 19, 1988 (incorporated by reference from Exhibit 3.1 of the Company’s quarterly report on Form 10-Q for the period ended March 31, 2005, filed April 29, 2005)
 
 
 
3.2
 
Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc. dated October 21, 2021 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed October 27, 2021)
 
 
 
3.3
 
Amendment No. 1 to the Second Amended and Restated Bylaws J.B. Hunt Transport Services, Inc. dated July 20, 2022 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed July 26, 2022)
 
 
 
3.4
 
Amendment No. 2 to the Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc., dated January 19, 2023 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed January 24, 2023)
 
 
 
3.5
 
Amendment No. 3 to the Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc., dated October 19, 2023 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed October 24, 2023)
 
 
 
22.1
 
List of Guarantor Subsidiaries of J.B. Hunt Transport Services, Inc. (incorporated by reference from Exhibit 22.1 of the Company’s annual report on Form 10-K for the year ended December 31, 2021, filed February 25, 2022)
 
 
 
31.1
 
Rule 13a-14(a)/15d-14(a) Certification
 
 
 
31.2
 
Rule 13a-14(a)/15d-14(a) Certification
 
 
 
32.1
 
Section 1350 Certification
 
 
 
32.2
 
Section 1350 Certification
 
 
 
101.INS
 
Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
 
 
 
101.SCH
 
Inline XBRL Taxonomy Extension Schema Document
 
 
 
101.CAL
 
Inline XBRL Taxonomy Extension Calculation Linkbase Document
 
 
 
101.DEF
 
Inline XBRL Taxonomy Extension Definition Linkbase Document
 
 
 
101.LAB
 
Inline XBRL Taxonomy Extension Label Linkbase Document
 
 
 
101.PRE
 
Inline XBRL Taxonomy Extension Presentation Linkbase Document
 
 
 
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL Document and include in Exhibit 101)
 
24
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, in the city of Lowell, Arkansas, on the 27th day of October 2023.
 
 
 
J.B. HUNT TRANSPORT SERVICES, INC.  
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
 
BY:
/s/  John N. Roberts, III
 
 
 
John N. Roberts, III  
 
 
 
Chief Executive Officer  
 
 
 
(Principal Executive Officer)
 
 
 
 
 
 
BY:
/s/ John Kuhlow
 
 
 
John Kuhlow
 
 
 
Chief Financial Officer,
 
 
 
Executive Vice President
 
 
 
(Principal Financial and Accounting Officer)
 
 
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.