Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On September 19, 2019, our Board of Directors authorized a $5 billion share repurchase program with no stated expiration (2019 Program).
−Removed: We began r epurchasing shares under the authorization during the first quarter of 2020.
+Added: On September 19, 2019, our Board of Directors authorized a $5 billion share repurchase program (2019 Program).
On August 11, 2021, our Board of Directors authorized a new, $15 billion share repurchase program with no stated expiration (2021 Program).
−Removed: We expect to begin repurchasing shares under the 2021 Program upon completion of the 2019 Program.
−Removed: Under the 2019 Program, we have repurchased 17.2 million shares of common stock at an average price of $184.62 , for a total investment of $3.2 billion .
−Removed: The table below presents information with respect to Target common stock purchases made during the three month s ended July 31, 2021, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
+Added: We began repurchasing shares under the 2021 Program during the third quarter of 2021 upon completion of the 2019 Program.
+Added: Under the 2019 Program, we repurchased 24.5 million shares of common stock at an average price of $203.82 , for a total investment of $5.0 billion .
+Added: Under the 2021 Program, we repurchased 1.6 million shares of common stock at an average price of $235.22 , for a total investment of $368 million.
+Added: The table below presents information with respect to Target common stock purchases made during the three month s ended October 30, 2021, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Share Repurchase Activity Total Number
6 unchanged sentences
Under Publicly Announced Programs
−Removed: May 2, 2021 through May 29, 2021
+Added: August 1, 2021 through August 28, 2021
Open market and privately negotiated purchases 2,952,200 $ 255.68 2,952,200 $ 16,061,054,829
−Removed: May 30, 2021 through July 3, 2021
+Added: August 29, 2021 through October 2, 2021
Open market and privately negotiated purchases 4,380,548 244.84 4,380,548 14,988,537,728
−Removed: July 4, 2021 through July 31, 2021
+Added: October 3, 2021 through October 30, 2021
Open market and privately negotiated purchases 1,517,041 235.18 1,517,041 14,631,757,193
5 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.