Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Our share repurchase activity for each of the three months in the quarter ended September 30, 2024, was as follows:
+Added: Our share repurchase activity for each of the three months in the quarter ended March 31, 2025, was as follows:
Period Total Number
8 unchanged sentences
Under the Plans or
−Removed: July 1, 2024 –
−Removed: July 31, 2024 (1) — $ — 10,481,359 $ 6,016,847,275
−Removed: August 1, 2024 –
−Removed: August 31, 2024 (1) — $ — — $ —
−Removed: September 1, 2024 –
−Removed: September 30, 2024 (1) — $ — — $ —
+Added: January 1, 2025 –
+Added: January 31, 2025 — $ — — $ —
+Added: February 1, 2025 –
+Added: February 28, 2025 — $ — — $ —
+Added: March 1, 2025 –
+Added: March 31, 2025 — $ — — $ —
Pursuant to Publicly
1 unchanged sentence
or Programs — $ —
−Removed: July 1, 2024 –
−Removed: July 31, 2024 (2) 3,964 $ 102.26
−Removed: August 1, 2024 –
−Removed: August 31, 2024 (2) 3,818 $ 113.73
−Removed: September 1, 2024 –
−Removed: September 30, 2024 (2) 3,913 $ 122.41
−Removed: For the Quarter Ended September 30, 2024 11,695 $ 112.75
−Removed: (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.
−Removed: These share repurchases have been made pursuant to the $7 billion program.
−Removed: 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.
−Removed: Our three-year share repurchase program expired on July 21, 2024.
+Added: January 1, 2025 –
+Added: January 31, 2025 (1) 4,670 $ 120.73
+Added: February 1, 2025 –
+Added: February 28, 2025 (1) 264,019 $ 148.75
+Added: March 1, 2025 –
+Added: March 31, 2025 (1) 1,558 $ 154.34
+Added: For the Quarter Ended March 31, 2025 270,247 $ 148.30
(1) 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.
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.