5 unchanged sentences
This repurchase program has no termination date and may be suspended or discontinued at any time.
−Removed: Share repurchases, including those under the repurchase program, were as follows:
+Added: Share repurchases, including those under the repurchase program, are reflected in the table below.
+Added: All references to share and per share amounts have been retroactively adjusted to reflect the effects of the stock split.
+Added: See Note 1, “Basis of presentation,” to our Consolidated Financial Statements, included in Part I of this Form 10-Q for additional information.
Period Total Number
8 unchanged sentences
Available balance as of June 30, 2024 $ 10,824,660
+Added: July 1, 2024 - July 28, 2024 1,879 $ 102.89 1,865 10,632,816
+Added: July 29, 2024 - August 25, 2024 3,506 $ 83.83 3,482 10,341,076
+Added: August 26, 2024 - September 29, 2024 6,626 $ 78.73 6,605 9,821,006
Quarter ended September 29, 2024 12,011 $ 84.00 (3) 11,952 $ 9,821,006
−Removed: Quarter ended December 24, 2023 976 $ 660.25 970 2,067,076
−Removed: December 25, 2023 - January 21, 2024 156 $ 757.33 156 1,949,025
−Removed: January 22, 2024 - February 18, 2024 674 $ 843.30 672 1,206,992
−Removed: February 19, 2024 - March 31, 2024 121 $ 980.72 — 1,206,992
−Removed: Quarter ended March 31, 2024 951 $ 853.12 (4) 828 $ 1,206,992
−Removed: (1) During the three and nine months ended March 31, 2024, we acquired 123 thousand shares at a total cost of $120.1 million, and 138 thousand shares at a total cost of $130.0 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: (1) During the three months ended September 29, 2024, we acquired 59 thousand shares at a total cost of $5.2 million, 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.
−Removed: (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 nine months ended March 31, 2024.
−Removed: Lam Research Corporation 2024 Q3 10-Q 38
(2) Our net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act.
Excise tax incurred reduces the amount available under repurchase programs, as applicable, and is included in the cost of shares repurchased in the Condensed Consolidated Statement of Stockholders’ Equity and the calculation of the average price paid per share.
−Removed: (4) Average price paid per share presented is for the quarter ended March 31, 2024.
−Removed: Accelerated Share Repurchase Agreements
−Removed: On February 1, 2024, we entered into accelerated share repurchase agreements (the "February 2024 ASRs") with two financial institutions to repurchase a total of $700 million of Common Stock.
−Removed: We took an initial delivery of approximately 631 thousand shares, which represented 75% of the prepayment amount divided by our closing stock price on February 1, 2024.
−Removed: The total number of shares received under the February 2024 ASRs is based upon the average daily volume weighted average price of our Common Stock during the repurchase period, less an agreed upon discount.
−Removed: Final settlement of the February 2024 ASRs occurred during April 2024, resulting in the receipt of approximately 140 thousand shares, which yielded a weighted-average share price of $917.38 (net of applicable excise taxes) for the transaction period.
+Added: (3) Average price paid per share presented is for the quarter ended September 29, 2024.
+Added: Lam Research Corporation 2025 Q1 10-Q 35
Defaults Upon Senior Securities
2 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.