Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table summarizes purchases of our own equity securities during the three months ended May 31, 2023 (dollars in thousands, except per share amounts):
+Added: The following table summarizes purchases of our own equity securities during the three months ended August 31, 2023 (dollars in thousands, except per share amounts):
Period Total Number of Shares Purchased Average Price Paid per Share (a) Dollar Value of Shares Purchased as Part of Publicly Announced Plans or Programs (a) Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (a) (b)
−Removed: March 1-31 — $ — $ — $ 500,000
−Removed: April 1-30 1,236,197 40.92 50,590 449,410
−Removed: May 1-31 926,685 44.78 41,498 407,912
+Added: June 1-30 — $ — $ — $ 407,912
+Added: July 1-31 765,570 53.86 41,230 366,682
+Added: August 1-31 765,748 53.90 41,270 325,412
Total 1,531,318 $ 53.88 $ 82,500
3 unchanged sentences
This authorization replaced a prior board of directors authorization, which had $75.0 million remaining, excluding excise tax.
−Removed: In the 2023 second quarter, we repurchased 2,162,882 shares of our common stock on the open market pursuant to the current authorization at a total cost of $92.1 million.
−Removed: As of May 31, 2023, we were authorized to repurchase up to $407.9 million of common stock in additional transactions, excluding excise tax.
−Removed: 10.35 Amended and Restated KB Home 2014 Equity Incentive Plan, effective April 20, 2023.
−Removed: 22 List of Guarantor Subsidiaries, filed as an exhibit to our Annual Report on Form 10-K for the year ended November 30, 2022 (File No.
−Removed: 001-09195), is incorporated by reference herein.
−Removed: 31.1 Certification of Jeffrey T.
−Removed: Mezger, Chairman, President and Chief Executive Officer of KB Home Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 .
−Removed: 31.2 Certification of Jeff J.
−Removed: Kaminski, Executive Vice President and Chief Financial Officer of KB Home Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 .
−Removed: 32.1 Certification of Jeffrey T.
−Removed: Mezger, Chairman, President and Chief Executive Officer of KB Home Pursuant to 18 U.S.C.
−Removed: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 .
−Removed: 32.2 Certification of Jeff J.
−Removed: Kaminski, Executive Vice President and Chief Financial Officer of KB Home Pursuant to 18 U.S.C.
−Removed: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 .
−Removed: 101.INS 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.
−Removed: 101.SCH Inline XBRL Taxonomy Extension Schema Document
−Removed: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: 104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).
−Removed: 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.
−Removed: Dated July 7, 2023 By:
−Removed: Executive Vice President and Chief Financial Officer
−Removed: (Principal Financial Officer)
−Removed: Dated July 7, 2023 By:
−Removed: /s/ WILLIAM R.
−Removed: Senior Vice President and Chief Accounting Officer
−Removed: (Principal Accounting Officer)
+Added: In the 2023 third quarter, we repurchased 1,531,318 shares of our common stock on the open market pursuant to the current authorization at a total cost of $82.5 million.
+Added: As of August 31, 2023, we were authorized to repurchase up to $325.4 million of common stock in additional transactions, excluding excise tax.
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.