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 2024 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)
April 29, 2024 – May 26, 2024 478,784 $ 346.34 478,784 $ 726,452,609
May 27, 2024 – June 30, 2024 658,706 309.04 658,706 1,522,885,658
July 1, 2024 – July 28, 2024 744,582 287.77 744,582 1,308,620,942
Total 1,882,072 1,882,072
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(1) Monthly information is presented by reference to our fiscal periods during our second quarter of 2024.
(2) On November 29, 2023, 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. On May 29, 2024, our board of directors approved a $1.0 billion increase to the existing stock repurchase program. 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.
The following table provides information regarding our purchases of shares of our common stock during the second quarter of 2024 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)
April 29, 2024 – May 26, 2024 10,662 $ 329.42 10,662 4,364,016
May 27, 2024 – June 30, 2024 10,247 288.76 10,247 4,353,769
July 1, 2024 – July 28, 2024 13,132 313.13 13,132 4,340,637
Total 34,041 34,041
_________
(1) Monthly information is presented by reference to our fiscal periods during our second quarter of 2024.
(2) 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 is 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.