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 November 27, 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)
August 29, 2022 through September 25, 2022
275
$
78.23
—
$
240.6
September 26, 2022 through October 23, 2022
665
$
83.24
—
$
240.6
October 24, 2022 through November 27, 2022
3,346
$
81.84
—
$
240.6
Total
4,286
(a) Represents 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, bringing the total amount authorized under the program to $500.0 million of our common stock. Repurchases under the program 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 Exchange Act, or through privately negotiated transactions.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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