−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
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.
−Removed: As of September 30, 2023, there was approximately $257 million in remaining funds authorized under this program.
−Removed: For the 13 weeks ended September 30, 2023 the Company repurchased 726,690 shares at an aggregate purchase price of approximately $29 million under the program.
−Removed: During the 39 weeks ended September 30, 2023, the Company repurchased 5,824,151 shares at an aggregate price of approximately $229 million under the program.
−Removed: Additionally, during the 39 weeks ended September, 2023, the Company recorded $2 million of excise tax associated with common stock repurchases.
−Removed: The following table summarizes repurchases of US Foods common stock for the three periods ended September 30, 2023:
+Added: As of March 30, 2024, there was approximately $179 million in remaining funds authorized under this program.
+Added: For the 13 weeks ended March 30, 2024 the Company repurchased 283,988 shares at an aggregate purchase price of approximately $13 million under the program.
+Added: The following table summarizes repurchases of US Foods common stock for the three periods ended March 30, 2024:
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 (1)
−Removed: July 2, 2023 through August 5, 2023 — $ — — $ 286
−Removed: August 6, 2023 through September 2, 2023 154,743 40.41 154,743 280
−Removed: September 3, 2023 through September 30, 2023 571,947 39.77 571,947 257
+Added: December 31, 2023 through February 3, 2024 283,988 $ 45.70 283,988 $ 179
+Added: February 4, 2024 through March 2, 2024 — — — 179
+Added: March 3, 2024 through March 30, 2024 — — — 179
Quarter-to-date Total 283,988 $ 45.70 283,988
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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.