SYSCO CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Recent Sales of Unregistered Securities None Issuer Purchases of Equity Securities We made the following share repurchases during the second quarter of fiscal 2021: ISSUER PURCHASES OF EQUITY SECURITIES Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs Month #1 September 27 - October 24 — $ — — — Month #2 October 25 - November 21 4,538 74.76 339,256 — Month #3 November 22 - December 26 3,249 75.79 246,245 — Totals 7,787 $ 75.19 585,501 — (1) The total number of shares purchased includes 0, 4,538 and 3,249 shares tendered by individuals in connection with stock option exercises in Month #1, Month #2 and Month #3, respectively. We have routinely engaged in share repurchase programs to allow Sysco to continue offsetting dilution resulting from shares issued under the company’s benefit plans and to make opportunistic repurchases. In August 2019, our Board of Directors approved a repurchase program to authorize the repurchase of the company’s common stock not to exceed $2.5 billion through the end of fiscal 2021. This repurchase program is intended to allow Sysco to continue offsetting dilution resulting from shares issued under the company’s benefit plans and to make opportunistic repurchases. The share repurchase program was approved using a dollar value limit and, therefore, are not included in the table above for “Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs.” During March 2020, however, we discontinued share repurchases under this program, and pursuant to the amendment to our long-term revolving credit facility, we do not anticipate making any repurchases for the remainder of fiscal 2021. As of December 26, 2020, we had a remaining authorization of approximately $2.1 billion. Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures Not applicable 59