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This repurchase program has no termination date and may be suspended or discontinued at any time.
−Removed: Lam Research Corporation 2023 Q2 10-Q 40
Share repurchases, including those under the repurchase program, were as follows:
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Average Price
−Removed: Paid Per Share (2)
Total Number of
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Quarter ended September 25, 2022 686 $ 433.47 675 5,409,654
−Removed: September 26, 2022 - October 23, 2022 51 $ 363.11 48 5,392,224
−Removed: October 24, 2022 - November 20, 2022 540 $ 420.65 537 5,166,419
−Removed: November 21, 2022 - December 25, 2022 542 $ 444.02 540 4,926,428
Quarter ended December 25, 2022 1,133 $ 429.27 1,125 4,926,428
−Removed: (1) During the three and six months ended December 25, 2022, we acquired 8 thousand shares at a total cost of $3.1 million, and 19 thousand shares at a total cost of $7.9 million, respectively, which we withheld through net share settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under our equity compensation plans.
+Added: December 26, 2022 - January 22, 2023 387 $ 441.72 386 4,755,865
+Added: January 23, 2023 - February 19, 2023 223 $ 507.02 221 4,643,892
+Added: February 20, 2023 - March 26, 2023 555 $ 489.86 410 4,443,010
+Added: Quarter ended March 26, 2023 1,165 $ 477.15 (4) 1,017 $ 4,443,010
+Added: (1) During the three and nine months ended March 26, 2023, we acquired 148 thousand shares at a total cost of $72.5 million, and 167 thousand shares at a total cost of $80.4 million, respectively, which we withheld through net share settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under our equity compensation plans.
The shares retained by us through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under our equity compensation plan.
(2) Average price paid per share excludes the effect of accelerated share repurchase activities.
−Removed: See additional disclosure below regarding our accelerated share repurchase activity during the six months ended December 25, 2022.
−Removed: (3) Average price paid per share presented is for the quarter ended December 25, 2022.
+Added: See additional disclosure below regarding our accelerated share repurchase activity during the nine months ended March 26, 2023.
+Added: (3) As of January 1, 2023, our net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act.
+Added: Excise tax incurred reduces the amount available under repurchase program, as applicable, and is included in the cost of share repurchased in the Condensed Consolidated Statement of Stockholders’ Equity.
+Added: (4) Average price paid per share presented is for the quarter ended March 26, 2023.
Accelerated Share Repurchase Agreements
7 unchanged sentences
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.