−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
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 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.
+Added: During the first quarter of 2024, we received 1.2 million shares, which included 0.2 million shares received from our accelerated share repurchase (“ASR”) agreement that we entered into on November 13, 2023 and 1.0 million shares received from our ASR agreement that we entered into on February 12, 2024.
Further discussion relating to our ASR agreements can be found in Note 8 - Equity .
−Removed: As of September 30, 2023, 21.5 million shares remained under the 2022 Repurchase Program.
+Added: As of March 31, 2024, 17.4 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 third 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 first quarter of 2024 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: July 1— July 31, 2023 13,100 $ 405.95 — 22.9 million
−Removed: August 1 — August 31, 2023 1,2
−Removed: 1,225,796 384.77 1,224,208 21.7 million
−Removed: September 1 — September 30, 2023 3
+Added: January 1 — January 31, 2024 1,085 $ 436.52 — 18.7 million
+Added: February 1 — February 29, 2024 1, 2
1,296,527 435.17 1,224,797 17.4 million
+Added: March 1 — March 31, 2024 36,281 422.33 — 17.4 million
Total — Quarter 1, 2
1,333,893 $ 433.83 1,224,797 17.4 million
−Removed: 1 Includes 0.1 million shares received from the conclusion of our ASR agreement that we entered into on May 8, 2023.
−Removed: 2 Includes 1.1 million shares received from the initiation of our ASR agreement that we entered into on August 7, 2023.
−Removed: 3 Includes 0.2 million shares received from the conclusion of our ASR agreement that we entered into on August 7, 2023.
+Added: 1 Includes 0.2 million shares received from the conclusion of our ASR agreement that we entered into on November 13, 2023.
+Added: 2 Includes 1.0 million shares received from the initiation of our ASR agreement that we entered into on February 12, 2024.
+Added: Average price paid
+Added: per share information does not include this accelerated share repurchase transaction.
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.