−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), which was approximately 9% of the total shares of our outstanding common stock at that time.
−Removed: During the second quarter of 2023, we received 2.8 million shares, which included 0.3 million shares received from our accelerated share repurchase (“ASR”) agreement that we entered into on February 13, 2023 and 2.5 million shares received from our ASR agreement that we entered into on May 8, 2023.
+Added: During the third quarter of 2023, we received 1.4 million shares, which included 0.1 million shares received from our accelerated share repurchase (“ASR”) agreement that we entered into on May 8, 2023 and 1.3 million shares received from our ASR agreement that we entered into on August 7, 2023.
Further discussion relating to our ASR agreements can be found in Note 8 - Equity .
−Removed: As of June 30, 2023, 22.9 million shares remained under the 2022 Repurchase Program.
+Added: As of September 30, 2023, 21.5 million shares remained under the 2022 Repurchase Program.
Repurchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options.
Our 2022 Repurchase Program has no expiration date and purchases under this program may be made from time to time on the open market and in private transactions, depending on market conditions.
−Removed: The following table provides information on our purchases of our outstanding common stock during the second quarter of 2023 pursuant to the 2022 Repurchase Program (column c).
+Added: The following table provides information on our purchases of our outstanding common stock during the third quarter of 2023 pursuant to the 2022 Repurchase Program (column c).
In addition to these purchases, the number of shares in column (a) include shares of common stock that are tendered to us to satisfy our employees’ tax withholding obligations in connection with the vesting of awards of restricted shares (we repurchase such shares based on their fair market value on the vesting date).
2 unchanged sentences
Part of Publicly Announced Programs (d) Maximum Number of Shares that may yet be Purchased Under the Programs
−Removed: April 1 — April 30, 2023 3,669 $ 345.02 — 25.7 million
−Removed: May 1 — May 31, 2023 1,2
+Added: July 1— July 31, 2023 13,100 $ 405.95 — 22.9 million
+Added: August 1 — August 31, 2023 1,2
1,225,796 384.77 1,224,208 21.7 million
−Removed: June 1 — June 30, 2023 1,033 385.07 — 22.9 million
+Added: September 1 — September 30, 2023 3
+Added: 203,625 387.39 202,108 21.5 million
Total — Quarter 1,2,3
1,442,521 $ 386.25 1,426,316 21.5 million
−Removed: 1 Includes 0.3 million shares received from the conclusion of our ASR agreement that we entered into on February 13, 2023.
−Removed: 2 Includes 2.5 million shares received from the initiation of our ASR agreement that we entered into on May 8, 2023.
−Removed: Average price paid per share information does not include this accelerated share repurchase transaction.
+Added: 1 Includes 0.1 million shares received from the conclusion of our ASR agreement that we entered into on May 8, 2023.
+Added: 2 Includes 1.1 million shares received from the initiation of our ASR agreement that we entered into on August 7, 2023.
+Added: 3 Includes 0.2 million shares received from the conclusion of our ASR agreement that we entered into on August 7, 2023.
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.