1 unchanged sentence
Share Repurchase Program
−Removed: 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 March 30, 2024, there was approximately $179 million in remaining funds authorized under this program.
−Removed: 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.
−Removed: The following table summarizes repurchases of US Foods common stock for the three periods ended March 30, 2024:
+Added: On November 2, 2022, our Board of Directors approved a share repurchase program under which the Company was authorized to repurchase up to $500 million of its outstanding common stock.
+Added: Prior to June 1, 2024, the Company repurchased $340 million of shares of common stock pursuant to such plan.
+Added: On June 1, 2024, the Board approved, and on June 5, 2024, the Company announced, a new share repurchase authorization of $1 billion of the Company’s common stock, an increase of $840 million above the $160 million of capacity remaining as of June 1, 2024 under the prior November 2022 authorization.
+Added: As of June 29, 2024, there was approximately $979 million in remaining funds authorized under the increased repurchase program.
+Added: For the 13 weeks ended June 29, 2024, the Company repurchased 749,387 shares at an aggregate purchase price of approximately $41 million under the program, inclusive of $1 million of excise taxes, fees and commissions.
+Added: For the 26 weeks ended June 29, 2024, the Company repurchased 1,033,375 shares at an aggregate purchase price of approximately $54 million under the program, inclusive of $1 million of excise taxes, fees and commissions.
+Added: The following table summarizes repurchases of US Foods common stock for the three periods ended June 29, 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: December 31, 2023 through February 3, 2024 283,988 $ 45.70 283,988 $ 179
−Removed: February 4, 2024 through March 2, 2024 — — — 179
−Removed: March 3, 2024 through March 30, 2024 — — — 179
+Added: March 31, 2024 through May 4, 2024 — $ — — $ 179
+Added: May 5, 2024 through June 1, 2024 352,333 55.61 352,333 160
+Added: June 2, 2024 through June 29, 2024 397,054 53.70 397,054 979
Quarter-to-date Total 749,387 $ 54.60 749,387
7 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.