Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: In January 2024, our Board of Directors authorized a $1.0 billion share repurchase program that it increased to $3.4 billion in March 2024 (as increased, “January 2024 share repurchase program”).
−Removed: We expect to complete the program by December 31, 2024.
−Removed: The timing of share repurchases depends upon marketplace conditions and other factors, and the program remains subject to the discretion of our Board of Directors.
−Removed: Our share repurchase activity for each of the three months in the period ended September 30, 2024, was as follows:
+Added: In January 2025, our Board authorized a $1.0 billion share repurchase program (“January 2025 share repurchase program”), which we expect to complete by December 31, 2025.
+Added: The timing of share repurchases depends upon marketplace conditions and other factors, and the program remains subject to the discretion of our Board.
+Added: Our share repurchase activity for each of the three months in the period ended March 31, 2025, was as follows:
Period Total Number of Shares Purchased (1)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
−Removed: July 1-31, 2024 4,813,800 48.05 4,813,800 758,711,760
−Removed: August 1-31, 2024 4,694,454 51.07 4,692,500 519,053,962
−Removed: September 1-30, 2024 4,003,761 52.34 4,003,000 309,534,422
+Added: January 1-31, 2025 4,262 $ 53.47 — $ 1,000,000,000
+Added: February 1-28, 2025 1,760,203 $ 55.01 1,416,118 $ 922,050,785
+Added: March 1-31, 2025 4,311,842 $ 57.60 4,311,517 $ 673,718,831
6,076,307 $ 56.84 5,727,635
−Removed: (1) The total number of shares purchased includes (a) shares purchased under the January 2024 share repurchase program and (b) shares withheld by Altria in an amount equal to the statutory withholding taxes for vested stock-based awards previously granted to eligible employees (which totaled 1,954 in August and 761 in September).
+Added: (1) The total number of shares purchased includes (a) shares purchased under the January 2025 share repurchase program and (b) shares withheld by Altria in an amount equal to the statutory withholding taxes for vested stock-based awards previously granted to eligible employees (which totaled 4,262 in January, 344,085 in February and 325 in March).
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.