3 unchanged sentences
Prior to that, there was no public market for our common stock.
−Removed: As of March 11, 2022, we had approximately 313 registered shareholders, not including those shares held in street or nominee name.
−Removed: On July 19, 2021, we executed a four-for-one stock split of our common stock, such that each stockholder of record at the close of business on June 21, 2021 received a dividend of three additional shares of common stock for every share held on the record date, or the Stock Split.
−Removed: All share, equity award, and per share amounts and related shareholders' equity balances presented herein have been retroactively adjusted to reflect the Stock Split.
+Added: As of February 17, 2023, we had approximately 344 registered shareholders, not including those shares held in street or nominee name.
Issuer Purchases of Equity Securities
−Removed: Beginning August 2004, our Board of Directors authorized us to repurchase our stock.
+Added: On May 23, 2022, our Board of Directors increased and extended our share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023.
Since the inception of our share repurchase program, we have repurchased an aggregate of 1.10 billion shares for a total cost of $17.12 billion through January 29, 2023.
−Removed: The repurchases can be made in the open market, in privately negotiated transactions, or in structured share repurchase programs, and can be made in one or more larger repurchases, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements, and other factors.
−Removed: The program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be suspended at any time at our discretion.
−Removed: We did not repurchase any shares during fiscal year 2022.
+Added: During fiscal year 2023, we repurchased 63 million shares for $10.04 billion.
As of January 29, 2023, we are authorized, subject to certain specifications, to repurchase shares of our common stock up to $7.23 billion through December 2023.
+Added: The repurchases can be made in the open market, in privately negotiated transactions, pursuant to a Rule 10b5-1 trading plan or in structured share repurchase programs, and can be made in one or more larger repurchases, in compliance with Rule 10b-18 of the Exchange Act, subject to market conditions, applicable legal requirements, and other factors.
+Added: The program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be suspended at any time at our discretion.
In fiscal year 2023, we paid $398 million in quarterly cash dividends.
−Removed: Our cash dividend program and the payment of future cash dividends under that program are subject to our Board's continuing determination that the dividend program and the declaration of dividends thereunder are in the best interests of our shareholders.
−Removed: During the fourth quarter of fiscal year 2022, our Board of Directors approved the retirement of all existing 349 million treasury shares.
−Removed: Refer to Note 15 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on Form 10-K for further discussion regarding the retirement of our treasury shares.
+Added: Our cash dividend program and the payment of future cash dividends under that program are subject to our Board of Directors' continuing determination that the dividend program and the declaration of dividends thereunder are in the best interests of our shareholders.
+Added: The following table presents details of our share repurchase transactions during the fourth quarter of fiscal year 2023:
+Added: Period Total Number
+Added: of Shares Purchased
+Added: (In millions) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (In millions) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (In billions)
+Added: October 31, 2022 - November 27, 2022 7 $ 148.11 7 $ 7.23
+Added: November 28, 2022 - December 25, 2022 — $ — — $ 7.23
+Added: December 26, 2022 - January 29, 2023 — $ — — $ 7.23
Restricted Stock Unit Share Withholding
We withhold common stock shares associated with net share settlements to cover tax withholding obligations upon the vesting of restricted stock unit awards under our employee equity incentive program.
−Removed: During fiscal year 2022, we withheld approximately 8 million shares for a total value of $1.90 billion through net share settlements.
−Removed: Beginning with the fourth quarter of fiscal year 2022, the tax withholding is recorded as a reduction to additional paid-in capital, with withheld shares assuming the status of authorized and unissued shares.
+Added: During fiscal year 2023, we withheld approximately 8 million shares for a total value of $1.48 billion
+Added: through net share settlements.
Refer to Note 4 of the Notes to the Consolidated Financial Statements in Part IV, Item 15 of this Annual Report on Form 10-K for further discussion regarding our equity incentive plans.
−Removed: Recent Sales of Unregistered Securities and Use of Proceeds
−Removed: During fiscal year 2022, we issued a total of 175,333 shares of our common stock as consideration in connection with acquisitions, all in private transactions exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D, or Regulation S.
Stock Performance Graphs
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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.