UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On May 3, 2022, LP's Board of Directors authorized the 2022 Share Repurchase Program under which LP was authorized to repurchase shares of its common stock totaling up to $600 million.
−Removed: LP may initiate, discontinue, or resume purchases of its common stock under the 2022 Share Repurchase Program in the open market, in block, and in privately negotiated transactions, including under Rule 10b5-1 plans, at times and in such amounts as management deems appropriate without prior notice, subject to market and business conditions, regulatory requirements, and other factors.
−Removed: The following amount of our common stock was repurchased under this authorization during the quarter ended March 31, 2024:
+Added: During May 2022 and May 2024, our Board of Directors authorized share repurchase programs under which LP was authorized to repurchase up to $600 million (the 2022 Share Repurchase Program) and $250 million (the 2024 Share Repurchase Program), respectively, of its outstanding common stock.
+Added: During the quarter ended June 30, 2024, we repurchased 1,205,624 shares of our common stock at an average price of $84.41 per share through market purchases pursuant to the 2022 Share Repurchase Program.
+Added: At June 30, 2024, we had an aggregate of $335 million of repurchase authorization remaining under the 2022 Share Repurchase Program and the 2024 Share Repurchase Program.
+Added: LP may initiate, discontinue, or resume purchases of its common stock under the 2022 Share Repurchase Program and the 2024 Share Repurchase Program in the open market, in block, and in privately negotiated transactions, including under Rule 10b5-1 plans, at times and in such amounts as management deems appropriate without prior notice, subject to market and business conditions, regulatory requirements, and other factors.
+Added: The following amount of our common stock was repurchased under this authorization during the quarter ended June 30, 2024:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Purchase Plans or Programs 1
1 unchanged sentence
(in millions)
−Removed: January 1, 2024 - January 31, 2024 — $ — — $ 200
−Removed: February 1, 2024 - February 29, 2024 — $ — — $ 200
−Removed: March 1, 2024 - March 31, 2024 166,783 $ 79.83 166,783 $ 187
−Removed: Total for First Quarter 2024 166,783 166,783
+Added: April 1, 2024 - April 30, 2024 386,591 $ 77.41 386,591 $ 157
+Added: May 1, 2024 - May 31, 2024 271,014 $ 84.52 271,014 $ 384
+Added: June 1, 2024 - June 30, 2024 548,019 $ 89.25 548,019 $ 335
+Added: Total for Second Quarter 2024 1,205,624 1,205,624
1 On May 3, 2022, LP’s Board of Directors authorized the 2022 Share Repurchase Program under which LP may repurchase shares of its common stock totaling up to $600 million.
−Removed: As of March 31, 2024, LP had used $413 million under the 2022 Share Repurchase Program.
+Added: On May 7 , 2024, LP’s Board of Directors authorized the 2024 Share Repurchase Program under which LP may repurchase shares of its common stock totaling up to $250 million.
+Added: As of June 30, 2024, LP had an aggregate of $335 million of repurchase authorization remaining under the 2022 Share Repurchase Program and the 2024 Share Repurchase Program.
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.