Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information regarding our purchases of shares of our common stock during the second quarter of 2023 related to our stock repurchase program:
Period (1)
Total Number of Shares Purchased (2)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
May 1, 2023 - May 28, 2023 150,902 $ 374.39 150,902 $ 589,193,910
May 29, 2023 - July 2, 2023 188,310 361.23 188,310 521,171,561
July 3, 2023 - July 30, 2023 177,615 378.45 177,615 453,953,537
Total 516,827 516,827
__________
(1) Monthly information is presented by reference to our fiscal periods during our second quarter of 2023.
(2) On March 23, 2022, our board of directors approved a stock repurchase program for up to $1.0 billion of our common shares on the open market or in privately negotiated transactions. The repurchase plan has no time limit and does not require the repurchase of a minimum number of shares. Common shares repurchased on the open market are at prevailing market prices, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of common shares to be repurchased will depend upon market conditions, eligibility to trade, and other factors. The authorized value of shares available to be repurchased under this program excludes the cost of commissions and excise taxes.
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The following table provides information regarding our purchases of shares of our common stock during the second quarter of 2023 related to our Employee Share Purchase Plan:
Period (1)
Total Number of Shares Purchased (2)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2)
May 1, 2023 - May 28, 2023 7,095 $ 357.97 7,095 4,465,012
May 29, 2023 - July 2, 2023 8,676 366.23 8,676 4,456,336
July 3, 2023 - July 30, 2023 7,313 376.43 7,313 4,449,023
Total 23,084 23,084
_________
(1) Monthly information is presented by reference to our fiscal periods during our second quarter of 2023.
(2) The ESPP was approved by our board of directors and stockholders in September 2007. All shares purchased under the ESPP are purchased on the Nasdaq Global Select Market (or such other stock exchange as we may designate). Unless our board terminates the ESPP earlier, it will continue until all shares authorized for purchase have been purchased. The maximum number of shares authorized to be purchased under the ESPP was 6,000,000.
Excluded from this disclosure are shares withheld to settle statutory employee tax withholding related to the vesting of stock-based compensation awards.
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.