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 third 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)
July 31, 2023 - August 27, 2023 187,708 $ 380.24 187,708 $ 382,579,838
August 28, 2023 - October 1, 2023 203,197 383.50 203,197 304,653,432
October 2, 2023 - October 29, 2023 162,446 378.34 162,446 243,193,954
Total 553,351 553,351
__________
(1) Monthly information is presented by reference to our fiscal periods during our third 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 third 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)
July 31, 2023 - August 27, 2023 6,943 $ 377.42 6,943 4,442,080
August 28, 2023 - October 1, 2023 11,648 392.20 11,648 4,430,432
October 2, 2023 - October 29, 2023 7,082 382.56 7,082 4,423,350
Total 25,673 25,673
_________
(1) Monthly information is presented by reference to our fiscal periods during our third 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.