Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Our share repurchase activity for each of the three months in the quarter ended June 30, 2024, was as follows:
Period Total Number
of Shares
Repurchased 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
April 1, 2024 –
April 30, 2024 (1) — $ — 10,481,359 $ 6,016,847,275
May 1, 2024 –
May 31, 2024 (1) — $ — 10,481,359 $ 6,016,847,275
June 1, 2024 –
June 30, 2024 (1) — $ — 10,481,359 $ 6,016,847,275
Pursuant to Publicly
Announced Plans
or Programs — $ —
April 1, 2024 –
April 30, 2024 (2) 9,801 $ 91.69
May 1, 2024 –
May 31, 2024 (2) 8,035 $ 94.88
June 1, 2024 –
June 30, 2024 (2) 16,042 $ 103.34
For the Quarter Ended June 30, 2024 33,878 $ 97.96
(1) On June 11, 2021, our Board of Directors authorized a new share repurchase program of up to $7 billion, with target spending of $5 billion to $7 billion over a three-year period that commenced in July 2021. These share repurchases have been made pursuant to the $7 billion program. On May 11, 2022, we announced the suspension of our three-year share repurchase program following the recommended public offer to acquire the outstanding shares of Swedish Match from its shareholders. Our three-year share repurchase program expired on July 21, 2024.
(2) Shares repurchased represent shares tendered to us by employees who vested in restricted and performance share unit awards and used shares to pay all, or a portion of, the related taxes.
114
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.