Mondelez International, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Our stock repurchase activity for each of the three months in the quarter ended June 30, 2024 was: Issuer Purchases of Equity Securities Period Total Number of Shares Purchased (1) Average Price Paid per Share (1) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) (3) Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (2) April 1-30, 2024 2,699,861 $ 67.44 2,693,987 $ 3,688 May 1-31, 2024 2,266,220 69.42 2,265,694 3,530 June 1-30, 2024 2,337,068 67.02 2,336,723 3,374 For the Quarter Ended June 30, 2024 7,303,149 $ 67.92 7,296,404 (1) The total number of shares purchased (and the average price paid per share) reflects: (i) shares purchased pursuant to the repurchase program described in (2) below; and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of deferred stock that vested, totaling 5,874 shares, 526 shares and 345 shares for the fiscal months of April, May and June 2024, respectively. (2) Dollar values stated in millions. Effective January 1, 2023, our Board of Directors authorized a program for the repurchase of $6.0 billion of our Common Stock through December 31, 2025, excluding excise tax. During the year ended December 31, 2023, we repurchased approximately $1.6 billion of Common Stock pursuant to this authorization. During the six months ended June 30, 2024, we repurchased $1.0 billion, and as of June 30, 2024, we had approximately $3.4 billion share repurchase authorization remaining. See related information in Note 11, Stock Plans . (3) Our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act. Any excise tax incurred on share repurchases is recognized as part of the cost basis of the shares acquired in the consolidated statements of equity.