Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: We repurchase shares of our common stock from time to time pursuant to a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 or Rule 10b-18 under the Securities Exchange Act of 1934.
−Removed: Our share repurchase activity for the first quarter of 2022 was as follows:
+Added: We repurchase shares of our common stock from time to time pursuant to a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934.
+Added: Our share repurchase activity for the six months ended June 30, 2022 was as follows:
Total Number of
+Added: Maximum Dollar
+Added: Average Price
Shares Purchased
−Removed: Average Price Paid
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plan
−Removed: Maximum Dollar Value That May Yet Be Purchased Under the Plan (1)
−Removed: January 1 - January 31, 2022
−Removed: February 1 - February 28, 2022
−Removed: March 1 - March 31, 2022
−Removed: (1) Share repurchases were made through a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 or Rule 10b-18 under the Securities Exchange Act of 1934 .
+Added: Value That May
+Added: as Part of Publicly
+Added: Yet Be Purchased
+Added: Announced Plan
+Added: Under the Plan (1)
+Added: (in millions)
+Added: April 1 - April 30, 2022
+Added: May 1 - May 31, 2022
+Added: June 1 - June 30, 2022
+Added: (1) Share repurchases were made through a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934 .
All repurchases shown above were made under the $1.0 billion share repurchase program authorized by our Board of Directors on July 20, 2021.
+Added: Subsequent to quarter end, we repurchased an additional 581,648 shares at an average cost of $171.94 per share, for a total of $100.0 million, resulting in $401.6 million remaining authorized under the plan as of July 25, 2022;
+Added: on July 26, 2022, our Board of Directors again increased the repurchase authorization to $1.0 billion.
The share repurchase program does not obligate us to repurchase any specific number of shares, does not have a specific expiration date and may be suspended or discontinued at any time.
−Removed: Under the share repurchase plan, shares may be repurchased pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 or 10b-18 under the Securities Exchange Act of 1934 , in the open market, in privately negotiated transactions or otherwise.
+Added: Under the share repurchase plan, shares may be repurchased pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 and/or 10b-18 under the Securities Exchange Act of 1934 , in the open market, in privately negotiated transactions or otherwise.
Defaults Upon Senior Securities
2 unchanged sentences
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.