Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table provides information about share repurchases of our common stock during the quarter ended June 30, 2023:
+Added: The following table provides information about share repurchases of our common stock during the quarter ended September 30, 2023:
Total Number of Shares Purchased Average Price Paid per Share (1)
1 unchanged sentence
Period (In thousands)
−Removed: April 1, 2023 — April 30, 2023 3,739,582 $ 43.90 3,739,582 $ 1,828,361
−Removed: May 1, 2023 — May 31, 2023 4,930,869 $ 42.31 4,930,869 $ 1,619,755
−Removed: June 1, 2023 — June 30, 2023 5,912,460 $ 41.80 5,912,460 $ 1,372,592
−Removed: (1) Average price paid per share is calculated on a settlement basis and is inclusive of commissions and exclusive of excise tax
−Removed: In February 2023, we announced that the Board of Directors had authorized a $2.0 billion stock repurchase plan.
+Added: July 1, 2023 — July 31, 2023 1,710,723 $ 44.48 1,710,723 $ 1,285,060
+Added: August 1, 2023 — August 31, 2023 8,673,762 $ 44.20 8,673,762 $ 900,828
+Added: September 1, 2023 — September 30, 2023 2,175,000 $ 43.51 2,175,000 $ 806,163
+Added: (1) In accordance with applicable disclosure requirements, the “Average Price Paid per Share” figures presented above exclude commissions and other expenses, such as excise taxes, and is calculated on an execution date basis.
+Added: In contrast, the $2.0 billion amount authorized by the Board of Directors under the February 2023 stock repurchase plan included the cost of commissions as part of the authorized repurchase amount.
+Added: Figures presented under “Dollar Value of Shares that May Yet be Purchased Under the Program” indicate the total amount of authorized capacity remaining, calculated to include commissions (and exclude excise taxes) in accordance with the amount authorized by the Board of Directors.
+Added: In February 2023, we announced that the Board of Directors had authorized a $2.0 billion stock repurchase plan, and, in November 2023, we announced that the Board of Directors had authorized a $2.0 billion stock repurchase plan.
Under the stock repurchase plans, we may repurchase shares from time to time in the open market or in privately negotiated agreements.
1 unchanged sentence
The timing, volume and nature of stock repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time.
−Removed: All shares we repurchased during the quarter ended June 30, 2023 were purchased pursuant to our publicly announced stock repurchase plan and have been retired.
+Added: All shares we repurchased during the quarter ended September 30, 2023 were purchased pursuant to our publicly announced stock repurchase plan and have been retired.
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.