Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: In September 2022, our Board of Directors authorized a new repurchase program for up to $200 million of our common stock over a term of four years (the “2022 Repurchase Program”).
−Removed: Any repurchases will be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions, or otherwise.
+Added: On September 21, 2022, our Board of Directors authorized a new repurchase program for up to $200 million of our common stock over a term of four years (the “2022 Repurchase Program”).
+Added: Any repurchases are made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions, or otherwise.
With respect to open market purchases, we may use a plan or plans meeting the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed blackout periods.
−Removed: The following table presents purchases of our common stock and related information for each of the months in the quarter ended January 28, 2023.
+Added: We manage the timing of any repurchases in response to market conditions and other relevant factors, including any limitations on our ability to make repurchases under the terms of our ABL Credit Facility, Term Loan Facility and Senior Notes.
+Added: The following table presents purchases of our common stock and related information for each of the months in the quarter ended April 29, 2023.
(in millions, except shares and per share amounts) Total Number of Shares Purchased (2)
Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
−Removed: October 30, 2022 to December 3, 2022 115,252 $ 45.66 104,742 $ 183
−Removed: December 4, 2022 to December 31, 2022 159,776 $ 39.71 152,800 $ 177
−Removed: January 1, 2023 to January 28, 2023 150,388 $ 39.76 132,686 $ 171
+Added: January 29, 2023 to March 4, 2023 181,292 $ 41.54 181,292 $ 164
+Added: March 5, 2023 to April 1, 2023 44,700 $ 36.64 32,732 $ 163
+Added: April 2, 2023 to April 29, 2023 155,109 $ 26.29 154,434 $ 159
Total 381,101 $ 34.76 368,458 $ 159
1 unchanged sentence
(2) These amounts represent the deemed surrender by participants in our compensatory stock plans of 12,643 shares of our common stock to cover withholding taxes from the vesting of restricted stock units granted under such plans and the repurchase of 368,458 shares of our common stock under the 2022 Repurchase Program.
−Removed: (3) The amounts shown in this column represent the amount remaining under the 2022 Repurchase Program as of December 3, 2022, December 31, 2022 and January 28, 2023.
+Added: (3) The amounts shown in this column represent the amount remaining under the 2022 Repurchase Program as of March 4, 2023, April 1, 2023 and April 29, 2023.
+Added: We are limited in the aggregate amount of dividends that we may pay under the terms of our Term Loan Facility, ABL Credit Facility and Senior Notes.
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.