UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS , AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended August 27, 2023 were as follows:
+Added: Total shares of Lamb Weston common stock purchased by the Company during the thirteen weeks ended November 26, 2023 were as follows:
Approximate Dollar
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(in millions) (b)
−Removed: May 29, 2023 through June 25, 2023
−Removed: June 26, 2023 through July 23, 2023
−Removed: July 24, 2023 through August 27, 2023
+Added: August 28, 2023 through September 24, 2023
+Added: September 25, 2023 through October 22, 2023
+Added: October 23, 2023 through November 26, 2023
(a) Represents repurchased shares of our common stock under our publicly announced share repurchase program, which were repurchased at a weighted average price of $87.41 per share, and shares withheld from employees to cover income and payroll taxes on equity awards that vested during the period.
−Removed: (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.
−Removed: 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.
−Removed: As of August 27, 2023, approximately $123.9 million remained authorized and available for repurchase under this program.
+Added: (b) On December 20, 2018, we announced that our Board of Directors (the “Board”) had authorized a $250.0 million share repurchase program with no expiration date.
+Added: On December 17, 2021, we announced that our Board 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.
+Added: On October 11, 2023, we announced that our Board had increased our share repurchase authorization under the program to $500.0 million of our common stock, including $123.9 million of remaining unused capacity under the Board’s previous repurchase authorizations.
+Added: As of November 26, 2023, approximately $450.0 million remained authorized and available for repurchase under this program.
Repurchases under our share repurchase 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.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.