Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended August 28, 2022 were as follows:
Approximate Dollar
Total Number of
Value of Maximum
Total Number
Average
Shares (or Units)
Number of Shares that
of Shares (or
Price Paid
Purchased as Part of
May Yet be Purchased
Units)
Per Share
Publicly Announced
Under Plans or Programs
Period
Purchased (a)
(or Unit)
Plans or Programs (b)
(in millions) (b)
May 30, 2022 through June 26, 2022
195,225
$
66.59
194,753
$
255.9
June 27, 2022 through July 24, 2022
206,283
$
73.28
181,791
$
242.6
July 25, 2022 through August 28, 2022
80,724
$
78.15
27,932
$
240.6
Total
482,232
(a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at a weighted average price of $70.11, and shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.
(b) On December 20, 2018, we announced that our Board of Directors had authorized a $250.0 million share repurchase program, with no expiration date. On December 17, 2021, we announced that our Board of Directors had authorized the repurchase of an additional $250.0 million of our common stock under this program. Repurchases may be made at our discretion from time to time on the open market, subject to applicable laws, including pursuant to a repurchase plan administered in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or through privately negotiated transactions.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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