Item 2. Unregistered Sales of Equity Securities
ITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about share repurchases made by the Company of its common stock during the quarter ended September 30, 2024:
Period Total
Number of
Shares
Purchased Weighted
Average
Price Paid
Per Share (1)
Total Number
of Shares
Purchased as
Part of a Publicly
Announced Program Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Program
(in millions) (2)
July 1, 2024 — July 31, 2024
1,885,183 $ 39.75 1,885,183 $ 570
August 1, 2024 — August 31, 2024
9,545,379 $ 39.28 9,545,379 $ 195
September 1, 2024 — September 30, 2024
— $ — — $ 195
Total
11,430,562 11,430,562
__________________________
(1) Calculated excluding commissions.
(2) In November 2016, our Board of Directors authorized the repurchase of $1.56 billion of its outstanding common stock, which was to expire on November 2, 2018. In June 2018, our Board of Directors authorized increasing the remaining repurchase amount of $1.11 billion to $2.50 billion and extending the expiration date to November 2020. In October 2020, our Board of Directors authorized the extension of the expiration date of the remaining repurchase amount of $916 million to November 2022, and in October 2022, our Board of Directors authorized the further extension of the expiration date of the remaining repurchase amount of $916 million to November 2024. In October 2023, our Board of Directors authorized increasing the remaining share repurchase amount of $916 million to $2.0 billion and extending the expiration date from November 2024 to November 3, 2025. Subsequently, on October 22, 2024, our Board of Directors authorized increasing the remaining share repurchase amount from $195 million to $2.0 billion and extending the share repurchase program’s expiration date to November 3, 2026.
All repurchases under the stock repurchase program are made from time to time at our discretion in accordance with applicable federal securities laws. All share repurchases of our common stock have been recorded as treasury stock.
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.