US Foods Holding Corp. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Share Repurchase Program On November 2, 2022, our Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $500 million of its outstanding common stock. At April 1, 2023, there was approximately $452 million in remaining funds authorized under this program. For the 13 weeks ended April 1, 2023 the Company repurchased 917,704 shares at an aggregate purchase price of approximately $34 million under the program. The size and timing of any repurchases will depend on a number of factors, including share price, general business and market conditions and other factors. Under the share repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans. The share repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. The repurchase authorization does not have an expiration date. The following table summarizes repurchases of US Foods common stock for the three periods ended April 1, 2023: Period (Millions of dollars, except number and price per share) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program January 1, 2023 through February 4, 2023 508,978 $ 36.44 $ 508,978 $ 468 February 5, 2023 through March 4, 2023 408,726 38.00 408,726 452 March 5, 2023 through April 1, 2023 — — — $ 452 Total 917,704 $ 37.14 917,704 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.